China Science And Technology News

[MH.Yang]

Are there industries China does not incentivize its companies to try to compete in, so imports from those countries can remain competitive, and to balance trade? This is not a hostile question. Rather, there are industries which I think China isnt fully trying in. One example I debated @MH.Yang with over the years was cruise ship construction, which China is doing now. What I can currently think about are medications and medical devices.

State-owned enterprises are the backbone of China’s economy. The State-owned Assets Supervision and Administration Commission (SASAC), which reports to the Chinese government, is the owner and ultimate decision-maker for these enterprises. The Chinese government is better positioned than the governments of other countries to control the direction of the nation’s economic development and the flow of capital.

However, China’s economy is, after all, vast, and in addition to state-owned enterprises, there are a large number of powerful private enterprises. The Chinese government does not have the capacity to exercise complete control over all Chinese enterprises and capital.

 

[FuturePAF]

State-owned enterprises are the backbone of China’s economy. The State-owned Assets Supervision and Administration Commission (SASAC), which reports to the Chinese government, is the owner and ultimate decision-maker for these enterprises. The Chinese government is better positioned than the governments of other countries to control the direction of the nation’s economic development and the flow of capital.

However, China’s economy is, after all, vast, and in addition to state-owned enterprises, there are a large number of powerful private enterprises. The Chinese government does not have the capacity to exercise complete control over all Chinese enterprises and capital.

Over the years we talked about the opportunities in building cruise ships; personal pleasure crafts all the way up to a cruise ship and yachts. China went into it.

I know China could allocate resources as part of a national push to go big in an industry, with state owned enterprises or incentivize private companies. The question is if China is holding back, at least the SOEs to “balance trade” with Europe, Japan, and America?

Or is the strategy a go slow, moving up the value added in a methodical manner, when key feeder industries mature or become economical for Chinese industry to make the investment get sufficient ROI to risk in R&D?