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Is China’s “statist†strategy sound?
President Xi Jinping has officially championed the idea of centring China’s growth strategy on large state-owned enterprises and no longer on the private sector. This is the opposite of the strategy pursued for over 20 years , going back to the era of Deng Xiaoping. China’s technological catch-up is far from over and, thus far, it has been dominated by large private companies. Can China’s technological catch-up conceivably be achieved by large state-owned companies? Can it conceivably be efficient to transfer savings from the private to the public sector?
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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