07 Aug '16, 1pm

Is the Chinese economy closed? Read @davidrdollar's assessment here:

Author: David Dollar, Brookings China is unusual in that it is a developing country that has emerged as a major investor. China itself is an important destination for foreign direct investment (FDI), and opening to the outside world has been an important part of its reform program since 1978. But China’s policy is to steer FDI to particular sectors. In general, China has welcomed FDI into most but not all of manufacturing. But other sectors of the economy are relatively closed to FDI, including mining, construction and most modern services. It is not surprising that China is less open to FDI than developed economies such as the United States. But China is also relatively closed among developing countries. The lack of reciprocity creates an un-level playing field. A concrete example is the acquisition of the US firm Smithfield by the Chinese firm Shuanghui. In a truly open ...

Full article: http://www.eastasiaforum.org/2016/07/27/is-the-chinese-ec...

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Is the Chinese economy closed?

eastasiaforum.org 27 Jul '16, 12am

Author: David Dollar, Brookings China is unusual in that it is a developing country that has emerged as a major investor. ...

#asia #asiapacificregion #china"

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