China Steel Inc. - state-owned and state-run?

Autoren

• Markus Taube

Parameter

• Wirtschaft

Mehr zum Buch

Over the past decade, the Chinese steel industry has rapidly developed, surpassing expectations and setting world records in production and trade. This growth mirrors the overall ascent of the Chinese economy and aligns with trends seen in other industrial sectors. However, many studies attribute this swift development to government intervention. This analysis focuses on the interaction between steel enterprises and government agencies, employing the concepts of market-failure and government-failure. To provide an unbiased account, the authors conduct an extensive review of official planning documents and financial statements from major steelmakers. They seek to answer three key questions: 1. What is the nature of the state-business nexus in the world’s largest steel industry? Who are the key actors in this growth story, and what mechanisms exist between government agencies and companies that may influence the sector? 2. What support does the government provide to steel mills, and how are these benefits conferred? 3. What is China’s role in the global steel market, and how does the growth of its steel sector affect global trade in finished products and raw materials?

• Sprache: Englisch
• Erscheinungsdatum: 2010