Reviews and Endorsements of Subsidies to Chinese Industry:  State Capitalism, Business Strategy and Trade Policy

From the Economist (April 27, 2013), print edition, PDF here: 

"A provocative new book by Usha and George Haley, of West Virginia University and the University of New Haven respectively, points to another reason for China’s industrial dominance: subsidies."

---------------------------------------------------------

From Gordon Brinser, President, SolarWorld Industries America Inc., Hillsboro, Ore:

“This richly researched book provides a much-needed foundation for grasping the serious and growing threat posed by China’s massive subsidization of its export-intensive strategic industries, which is harming industrial growth in the West.  Upending conventional wisdom, the book shows that China’s success does not stem from cost advantages as much as from subsidies calibrated for world-market dominance. Cutting-edge manufacturers and workers in the United States and Europe are paying a heavy toll.  As an executive of the largest solar-technology manufacturer in the Americas, which concluded one of the biggest trade cases ever brought against China, I can attest that traditional trade law and policy approaches, on their own, may not be enough to combat China’s state-engineered export juggernaut.  In light of the massive scale of subsidies supporting Chinese export manufacturers, China’s growing reliance on state-owned enterprises, its disregard for intellectual property protections and its lack of transparency, Usha and George Haley have provided important recommendations to ensure fair and robust competition across the oceans as well as a bright economic future for our peoples.” 

----------------------------------------------------------------------------

From Marshall W. Meyer, Tsai Wan-Tsai Professor, The Wharton School, University of Pennsylvania

“Subsidies to Chinese Industry is a treasure trove of data on Chinese subsidization of four key sectors—steel, glass, paper, and auto parts. It is must reading for anyone seeking to understand China’s low-cost advantage and, crucially, whether this advantage is likely to remain.”

-----------------------------------------------------------

From Ingo Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics, Stern School of Business, New York University

"A definitive and fascinating study of China's explosion onto the global markets for manufactured goods on the back of a single resource and the unintended consequences in capital allocation that will take years to return to alignment with basic principles of comparative advantage. The role of China's curious blend of market-driven economics and direct state involvement is creatively dissected here to provide valuable insights into what comes next."