The Changing Patterns of Investment in the PRC Economy

64 Pages Posted: 26 May 2017

See all articles by Carsten A. Holz

Carsten A. Holz

Hong Kong University of Science & Technology (HKUST) - Division of Social Science

Multiple version iconThere are 2 versions of this paper

Date Written: May 5, 2017

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.

Keywords: Investment Rate, Investment Policy, National Investment Strategy, Sector Distribution of Investment, Ownership Distribution of Investment, Causes of Investment, Economic Growth

JEL Classification: E22, E6, L52, O11, O25, O53

Suggested Citation

Holz, Carsten A., The Changing Patterns of Investment in the PRC Economy (May 5, 2017). Available at SSRN: https://ssrn.com/abstract=2973707 or http://dx.doi.org/10.2139/ssrn.2973707

Carsten A. Holz (Contact Author)

Hong Kong University of Science & Technology (HKUST) - Division of Social Science ( email )

Division of Social Science
Clear Water Bay
Clear Water Bay, Kowloon
Hong Kong

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