{"title":"‘Africa’s China’: Chinese manufacturing investment in Nigeria and channels for technology transfer","authors":"Yunnan Chen","doi":"10.1080/14765284.2021.1943184","DOIUrl":"https://doi.org/10.1080/14765284.2021.1943184","url":null,"abstract":"ABSTRACT Nigeria has been one of the primary destinations for Chinese foreign direct investment (FDI) in Africa, with emerging clusters in manufacturing sectors. FDI holds potential for technology transfer processes that can foster wider industrialization and structural transformation, but this depends on the development of local linkages that can foster positive spillovers. Through fieldwork and structured survey methods, this paper examines drivers of Chinese outward investment in Nigeria, particularly from 2014 to 2017, highlighting linkages and mechanisms of technology transfer that may catalyze transformation processes and taking a critical view of their potential. I find that, while cases of technology and skills transfer exist, investing firms face challenges of poor infrastructure, lack of skills, and low social trust, which hinder the development of linkages and industrial supply chains. In the wake of the 2014 economic recession, firms cited political and exchange rate instability as challenging; however, greater localization and building local linkages make firms better prepared to weather such challenges.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1943184","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44288335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Examining the nonlinear impact of the banking sector on economic growth: evidence from China’s Provinces","authors":"Hazwan Haini","doi":"10.1080/14765284.2021.1943193","DOIUrl":"https://doi.org/10.1080/14765284.2021.1943193","url":null,"abstract":"ABSTRACT This study examines the nonlinear impact of banking sector development on economic growth in China’s provinces from 1990 to 2017 using dynamic panel estimators. China has experienced rapid economic growth since its reforms; however, China has a repressed financial system as its banking sector reforms have lagged behind other reforms. Meanwhile, the finance-growth literature traditionally posits a positive relationship between the two. Consequently, China presents an interesting case study on the relationship between banking sector development and economic growth. This study investigates whether the relationship is nonlinear, and identifies whether a threshold level exists, where the impact of the banking sector becomes insignificant or negative. The results show that the relationship between banking sector development and growth is nonlinear, suggesting that there is an optimal level. Furthermore, the results show that high levels of banking sector development crowd out the positive impact of private investment. Policy implications are discussed.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1943193","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46051336","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can Chinese investment lead to knowledge and technology transfers? The case of Madagascar","authors":"David Landry, Yunnan Chen","doi":"10.1080/14765284.2021.1940452","DOIUrl":"https://doi.org/10.1080/14765284.2021.1940452","url":null,"abstract":"ABSTRACT Madagascar’s geographic location, large long-established Chinese diaspora, low labor costs, and abundant arable land and natural resources have made it an attractive destination for Chinese outward investment over the past two decades, as rising wages in China and domestic competition drove firms to ‘go out.’ Chinese investors have been particularly active in the Malagasy agricultural, manufacturing, and mining sectors. China generated its own economic boom with the help of foreign investment, which raised the question whether Chinese investors could play a similar role – through the fostering of skills and technology upgrading – in other low-income countries. Focusing on agriculture and manufacturing, this paper uncovers some evidence of limited skills and technology transfers occurring through Chinese firms operating in Madagascar. However, Chinese investment in Madagascar remains limited in scope and has been challenged by a problematic policy environment.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1940452","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43791751","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The COVID-19 pandemic and the transformation of health policy: a syndemic perspective","authors":"Xi Chen, Annie Fan","doi":"10.1080/14765284.2021.1940453","DOIUrl":"https://doi.org/10.1080/14765284.2021.1940453","url":null,"abstract":"ABSTRACT The Coronavirus Disease 2019 (COVID-19) pandemic is bringing about once-in-a-century changes to human society. Three key properties escalate the COVID-19 pandemic into a syndemic. To address this triple crisis, we discuss the importance of integrating early, targeted and coordinated public health measures with more equitable social policy and with a health-care policy that realigns incentives of the major players in the health-care market. Drawing on evidence from past and present epidemics as well as comparing variations in response to the current health emergency between China, the US and beyond, we navigate long-awaited health policy transformation in areas that help us better prepare for the next pandemic.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1940453","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41702202","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dual Circulation: a New Structural Economics view of development","authors":"L. Yifu, Xiaobing Wang","doi":"10.1080/14765284.2021.1929793","DOIUrl":"https://doi.org/10.1080/14765284.2021.1929793","url":null,"abstract":"ABSTRACT This paper provides a detailed account of China’s Dual Circulation Development Paradigm and examines its theoretical foundation from the perspective of the New Structural Economics approach. The purpose of this Paradigm is to shift the focus from foreign to domestic circulation as the major driving force for China’s sustainable development, and to emphasize the importance of a positive reciprocal relationship between domestic and international economic circulations. This paper argues that aim of the Paradigm is to facilitate a qualitative leap in industrial upgrading to achieve both a higher-quality domestic circulation and a higher-level of international circulation. By explaining the development thinking from the Chinese policy-makers’ perspective, this paper also casts light on growth and development issues facing other countries.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1929793","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43092667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Can Voluntary Insurance ensure risk-free digital-banking in Chinese-economy: seeking attentions?","authors":"A. Rahman, Saadi Islam","doi":"10.1080/14765284.2021.1929792","DOIUrl":"https://doi.org/10.1080/14765284.2021.1929792","url":null,"abstract":"ABSTRACT In today’s business-world, services are carried out in a competitive manner country-wise such as China. Banking services are no different, which has resulted digital-banking. Bank Laws regulated by Central-Bank of China are characterized by evolving many factors that are often unpredictable. It faces serious pitfalls being it riskiness. Most cases, customers don’t read terms & conditions of services. Customers don’t save contract-copy. These weaknesses cause abuses. Customer faces perceived-risk. Dealing with challenges in Chinese-economy, application of Akim’s model - Voluntary Insurance (VI) can be impetus for policy-design, which can increase number of users. Welfare Analyses are used for guidance on setting insurance-price ensuring customer’s efficiency-cost so that the VI becomes appealing to parties involved. It can lead to higher number-of-users. In scenario, bank itself is an insurance-seller, the existence of adverse-selection is detected. Here estimated welfare-cost associated with inefficient-pricing created by adverse-selection is quantitatively small; however, advantageous-selection results opposite. Welfare assessment under alternative policy intervention in Chinese-economy will be vital for future-study.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1929792","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43377063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Accelerating the construction of a new development pattern with the domestic circulation as the mainstay and mutual promotion of dual circulation","authors":"K. Jia","doi":"10.1080/14765284.2021.1929785","DOIUrl":"https://doi.org/10.1080/14765284.2021.1929785","url":null,"abstract":"ABSTRACT This study examines China’s new dual circulation development pattern, which requires the pursuit of upgraded development to emphasize domestic circulation as the mainstay, in line with expanding the domestic demand. Furthermore, dual circulation is regarded as the mutual promotion of domestic and international circulation, which aims for high quality in domestic and international circulation. The key to building this new development pattern is an unimpeded economic circulation. Accordingly, this study identifies five essential considerations for China to accelerate the construction of the new development pattern, with domestic circulation as its mainstay. This is because a deep understanding of the Chinese government’s policy objectives is required to guide the efforts toward modernization effectively.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1929785","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42140535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"China and Central Europe: cooperation in difficult times during the Covid-19 outbreak","authors":"Rudolf Furst","doi":"10.1080/14765284.2021.1913549","DOIUrl":"https://doi.org/10.1080/14765284.2021.1913549","url":null,"abstract":"ABSTRACT The four Central and Eastern European (CEE) states, namely Poland, the Czech Republic, Hungary, and Slovakia, known as the Visegrad Group (V4), belong to the multilateral China-led 17 + 1 subregional platform that seeks to upgrade its members’ mutual economic and transportation infrastructure ties. This comparative case study traces the V4 states’ relations with China since the outbreak of the Covid-19 pandemic in Europe and explores how far the existing multilateral format 17 + 1 was able to utilize its potential for strengthening China’s presence through healthcare cooperation to work together in fighting the pandemic. The findings reveal the prevailing bilateral ties being preferred over the institutionalized multilateral platform 17 + 1, a sustained ambiguity in the CEE states’ relations with China, and a poor coherence of the 17 + 1 format.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1913549","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49441075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Access to knowledge and knowledge production: the case of China","authors":"Siyang Li, Christer Ljungwall","doi":"10.1080/14765284.2021.1905481","DOIUrl":"https://doi.org/10.1080/14765284.2021.1905481","url":null,"abstract":"ABSTRACT This paper estimates knowledge production functions for the Chinese economy using provincial-level data over the years 2008 through 2016. First, the number of R&D personnel, funding, and the accessibility to global knowledge stock all have positive and significant effects on both general patent application, and invention patent application. Second, the knowledge accumulation effect on knowledge production efficiency is substantial. Third, the state-owned sector has an important role in fundamental innovation. Most importantly, accessibility to knowledge is important in realizing the benefit of the non-rivalry of knowledge. Hence, it is pivotal that the Chinese government adopt an open innovation approach and keep moving along its plan of reform and opening up [All sources are published on-line except for NSO, which is available upon request].","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1905481","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48680713","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Financial pre-factors for post-performance of cross-border mergers & acquisitions","authors":"Ying Zhang, M. Ausloos","doi":"10.1080/14765284.2021.1905480","DOIUrl":"https://doi.org/10.1080/14765284.2021.1905480","url":null,"abstract":"ABSTRACT We study mergers and acquisitions (M&A) when one company is Chinese and another company is outside China. Previous studies are still much lacking considerations on financial factors affecting subsequent performance of such multinational (or ‘cross-border’) M&A. Here, a few (5) influencing factors are tested through a multiple linear regression model for 100 listed companies over [2016–2018]. We examine the role of (i) the mode of payment, (ii) cultural differences, (iii) industry differences, (iv) company scale and (v) the shareholding ratio. The research denotes that the payment method and the shareholding ratio of the largest shareholder have both a positive correlation with the performance in the year of the M&A and in the following one, – whatever the industries differences and companies sizes.","PeriodicalId":45444,"journal":{"name":"Journal of Chinese Economic and Business Studies","volume":null,"pages":null},"PeriodicalIF":2.0,"publicationDate":"2021-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/14765284.2021.1905480","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43552670","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}