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Discussion: Political and Institutional Factors in China’s Innovation and Growth Strategy

Discussion: Political and Institutional Factors in China’s Innovation and Growth Strategy. Yang Jiang. ‘Scientific Decision’?. Concentration of distributional power: NDRC, MII, SASAC; local governments, banks Problems with 4 trillion stimulus: retarded/fake projects

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Discussion: Political and Institutional Factors in China’s Innovation and Growth Strategy

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  1. Discussion: Political and Institutional Factors in China’s Innovation and Growth Strategy • Yang Jiang

  2. ‘Scientific Decision’? • Concentration of distributional power: NDRC, MII, SASAC; local governments, banks • Problems with 4 trillion stimulus: • retarded/fake projects • lack of environmental/design/land usage approval • moved to other uses (financial derivatives, cars, real estate etc.) • overcapacity • strengthening of SOEs vis-a-vis SMEs and MNCs

  3. Strategic Industries

  4. Policies • forced transfer of technology • weak IPR protection • overseas M&A

  5. Company-led Innovation • 1984 Legend--China Academy of Science $25,000 • 2005 Acquisition of IBM PC • Research centres in Japan, China, US • 2009 acquisition of Seattle-based Switchbox Labs • headquarter in New York • No. 1 applicant of patents (under the Patent Cooperation Treaty) world wide in 2008; • No.1 applicant in China for 6 years; • But on adaptability, process, enhancement

  6. Mercedes C vs Geely Merrie 300 Daewoo Matiz vs Chery QQ Smart vs er. Chinese Smart

  7. Analytical Frameworks • local meso-corporatism; fragmented authoritarianism (Lieberthal and Oksenberg 1990) • competition led growth; ‘championship mentality’

  8. How changeable are institutions? • Discourse: COP15 • Social unrest: rural development • Learning: the Nordic model • Crisis: large-scale withdrawal of MNCs? Bubbles and bad loans

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