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China - Facilitating investment and innovation : a market-oriented approach to Northeast revitalization (Inglês)

While the Northeast has significant potential, its economic growth has steadily lagged behind China's more rapidly growing Southeast provinces. While history and geography play a part, so do government policies and programs. The Northeast's lagging growth reflects both a lack of private sector development and an inadequate transformation of Northeast industry away from state control. The government's current program to "revitalize" the Northeast includes a mix of measures, including direct interventions, some public-private partnerships, and some initiatives to encourage market investment. In general, Northeast revitalization would benefit from less emphasis on government direction and intervention, and more emphasis on private-sector investment and innovation supported by appropriate public-private partnerships. Since dominance of Northeast economies by state-owned enterprises (SOEs) "crowds out" private sector development, it is important to transform this sector. Investment climate improvements are needed to attract both more domestic and more foreign private direct investment and to make the Northeast more competitive vis-à-vis China's Southeast provinces. Finally, the government needs to change its own approach, and move from directing economic activity to facilitating private-sector investment and innovation. The private sector needs more effective means for organizing itself and representing its interests and views if it is to fulfill its potential contribution to Northeast investment climate improvements.

Detalhes

  • Data do documento

    2006/02/15

  • TIpo de documento

    Avaliação do Clima de Investimento (ICA)

  • No. do relatório

    34943

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    China,

  • Região

    Leste Asiático e Pacífico,

  • Data de divulgação

    2010/07/01

  • Disclosure Status

    Disclosed

  • Nome do documento

    China - Facilitating investment and innovation : a market-oriented approach to Northeast revitalization

  • Palavras-chave

    central state;access to finance;investment climate;small and medium enterprise;skill and technology;gdp growth rate;township and village enterprise;civil service pay scale;duration of unemployment benefit;global production network;implications for development;ceilings on interest rates;public-private partnership;state control;business entry;corporate governance;global supply chain;international good practice;total factor productivity;direct government intervention;investment climate issue;supply chain management;investment climate improvement;commercial dispute;Tax Administration;foreign investor;private investment;ownership transformation;iron ore mining;Social Safety Nets;local tax revenue;company income tax;unemployment insurance program;engine of growth;intellectual property rights;return on capital;rapid economic development;access to technology;rural credit cooperative;credit cooperatives;investment climate assessment;child care center;boost to productivity;social protection program;foreign private investment;health care facility;health care facilities;small private enterprises;foreign direct investment;business development service;number of workers;protection for creditor;local financial institution;receivables as collateral;central government action;law and regulation;initial public offering;barriers to trade;loans for sme;enterprise income tax;international accounting standard;land use right;lack of transparency;third party logistic;asset management companies;asset management company;domestic service providers;special economic zone;Automotive Supply Chain;public share offering;barrier to entry;purchasing power parity;world development;firm productivity;heavy industry;treasury bond;equipment manufacturing;statistical yearbook;Fixed Assets;laid-off worker;administrative fee;labor flexibility;machine tool;delivery time;urban agglomeration;performance contract;long-term competitiveness;book value;net asset;management compensation;raw material;industrial enterprise;industrial sector;sale proceeds;product quality;opportunity cost;state sector;light industry;business association;Capital Investments;Natural Resources;industry standard;competitive sale;social security;state ownership;commercial bank;free asset;accounting standards;asset revaluation;comparative advantage;high-tech industry;social stability;cross-border merger;Urban Infrastructure;Industrial Policy;Industrial Policies;laissez faire;foreign bank;industrial cluster;market investment;market access;

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