Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/215651 
Authors: 
Year of Publication: 
2017
Series/Report no.: 
CEAMeS Discussion Paper No. 9/2017
Publisher: 
University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS), Hagen
Abstract: 
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial policies on these patterns. The point of view is macroeconomic, based on economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have occurred over time, supporting a new growth model with a reduced role of the state, and these shifts appear driven more by market factors than by government policies.
Subjects: 
investment rate
investment policy
national investment strategy
sector distribution of investment
ownership distribution of investment
causes of investment
economic growth
JEL: 
E22
E6
L52
O11
O25
O53
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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