China’s Leadership in the World ICT Industry: A Successful Story of its ‘Attracting-in’ and ‘Walking-out’ Strategy? (China’s Outward and Inward Foreign Direct Investment Policies)

Ning, L.

Abstract

This paper questions whether China’s “attracting-in” (selective introduction of inward foreign direct investment, foreign technologies and import) and “walking-out” (export and outward investment expansion) strategies have enabled it to achieve a leadership position in the world information and communication technology (ICT) industry. In 2004, China overtook the US to become the world’s largest ICT exporter. The author argues that “attracting-in” has successfully created favourable conditions for the industry to grow out of China’s transitional economic and political system, but has been unable to facilitate “walking-out” to enable Chinese enterprises to substantially achieve a real leadership position. This is because there is great uncertainty in how to adjust the industrial strategy of the East Asian “catching-up” era to meet the challenges raised by the dynamism of global competition today. Rather than provoking head-to-head competition, China’s rise in the world ICT industry has complemented the increasing specialization of multinational corporations.

Citation

Ning, L. (2009). China’s Leadership in the World ICT Industry: A Successful Story of its ‘Attracting-in’ and ‘Walking-out’ Strategy? (China’s Outward and Inward Foreign Direct Investment Policies). Pacific Affairs, 82(1), 67-91

• Journal Article Type: Article
• Publication Date: Apr 1, 2009
• Deposit Date: Sep 9, 2009
• Publicly Available Date: Jan 25, 2010
• Journal: Pacific Affairs
• Print ISSN: 0030-851X
• Electronic ISSN: 1715-3379
• Publisher: Pacific Affairs
• Peer Reviewed: Peer Reviewed
• Volume: 82
• Issue: 1
• Pages: 67-91
• Public URL: https://durham-repository.worktribe.com/output/1527010
• Publisher URL: http://pacificaffairs.ubc.ca/recent/v82no1.html