Chinese Trade: Trade Deficits, State Subsidies and the Rise of China

There’s no question, compared to the advanced economies China’s economic growth rates have been spectacular, but in most instances the economic analysts tend to forget that a large part of China’s growth has been dictated by government industrial subsidies. How did China go from a bit player overnight to the largest exporter in the world in capital-intensive industries?

This book shows that government subsidies play a big part in China’s success. Government subsidies include those to basic ...