[go: up one dir, main page]

  EconPapers    
Economics at your fingertips  
 

China’s Market Distortions and the Impact of the Covid-19 Crisis

Jürgen Matthes

CESifo Forum, 2020, vol. 21, issue 03, 42-48

Abstract: Subsidization in China is pervasive at numerous levels of government and appears to be an inherent element of Chinese state capitalism. Despite a severe lack of transparency, the available information seems to suggest that the extent of Chinese subsidies is extraordinarily large. Moreover, the resulting overcapacities could lead to considerable and increasing distortions on the world market in certain sectors. An initial assessment of the potential effects of the Covid-19 crisis on China’s industrial policy model does not suggest a major change in subsidization policy. This constellation bodes ill for the future of the multilateral trading system.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.cesifo.org/DocDL/CESifo-Forum-2020-3-m ... ortion-september.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:ifofor:v:21:y:2020:i:03:p:42-48

Access Statistics for this article

CESifo Forum is currently edited by Chang Woon Nam

More articles in CESifo Forum from ifo Institute - Leibniz Institute for Economic Research at the University of Munich Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

 
Page updated 2022-09-28
Handle: RePEc:ces:ifofor:v:21:y:2020:i:03:p:42-48