China's Evolving Industrial Policies and Economic Restructuring

In the past three decades, China has successfully transformed itself from an extremely poor economy to the worldΓÇÖs second largest economy. The countryΓÇÖs phenomenal economic growth has been sustained primarily by its rapid and continuous industrialisation. Currently industry accounts for nearly two-fifth of ChinaΓÇÖs gross domestic product, and since 2009 China has been the worldΓÇÖs largest exporter of manufactured products. This book explores the question of how far this industrial growth has been the product of government policies. It discusses how government policies and their priorities have developed and evolved, examines how industrial policies are linked to policies in other areas, such as trade, technology and regional development, and assesses how new policy initiatives are encouraging ChinaΓÇÖs increasing success in new technology-intensive industries. It also demonstrates how ChinaΓÇÖs industrial policies are linked to development of industrial clusters and regions.