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Industrial Policy and Global Big Business Revolution: the Case of the Chinese Coal Industry1

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  • Peter Nolan
  • Huaichuan Rui

Abstract

China has actively implemented an industrial policy during the last two decades. However, despite important progress, the overall result is rather disappointing. Should China continue to pursue industrial policy? Should China focus instead on developing successful globally competitive firms within the global value chain? This paper, based on an in-depth case study on the Shenhua Group, which has been deliberately built as an indigenous globally competitive coal corporation, argues that it is still possible for China to build powerful big businesses in some sectors. However, a well-designed industrial policy is necessary.

Suggested Citation

  • Peter Nolan & Huaichuan Rui, 2004. "Industrial Policy and Global Big Business Revolution: the Case of the Chinese Coal Industry1," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 2(2), pages 97-113.
    • Handle: RePEc:taf:jocebs:v:2:y:2004:i:2:p:97-113
    DOI: 10.1080/14765280410001684779
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    References listed on IDEAS

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    1. Peter Nolan, 2001. "China and the Global Economy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-59928-4, December.
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    Cited by:

    1. Le Billon, Philippe & Pérez Niño, Helena, 2013. "Foreign Aid, Resource Rents and Institution-Building in Mozambique and Angola," WIDER Working Paper Series 102, World Institute for Development Economic Research (UNU-WIDER).
    2. Tianbiao Zhu, 2006. "Rethinking Import-substituting Industrialization: Development Strategies and Institutions in Taiwan and China," WIDER Working Paper Series RP2006-76, World Institute for Development Economic Research (UNU-WIDER).
    3. Helena Pérez Niño & Philippe Le Billon, 2013. "Foreign Aid, Resource Rents and Institution-Building in Mozambique and Angola," WIDER Working Paper Series wp-2013-102, World Institute for Development Economic Research (UNU-WIDER).

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