China as a global manufacturing powerhouse: challenges and implications


Event details


Date & time

Tuesday 08 September 2009


Seminar Room 4, Crawford School of Public Policy, #132 Lennox Crossing, ANU


Ligang Song


Hannah McInnes
6125 5559
The first half of the 21st century will be substantially shaped by China?s ongoing engagement with a strategy of industrial-led development. Indeed, China seems set to become the archetype of the global manufacturing powerhouse. China?s rise to global prominence begets many questions. What will China?s future industrialisation strategy look like? How will the global imbalances issue impinge upon this strategy? And how will the low carbon growth imperative impact upon these outcomes? China is now diverting from its current industrialisation path to a strategy of domestic market integration and internally driven development. This re-orientation will be shaped by the unique constraints that China faces relative to its predecessors. However, China needs to overcome these constraints as clear evidence of excess capacity in Chinese heavy industry, the diminished ability of other major regions to accommodate further large gains in Chinese market share, and the stark conflict between the contemporary style of industrial development and the biosphere, indicate strongly that now is the time to catalyse the required adjustment and reform processes underpinning more sustainable long-run growth and prosperity.

Ligang Song is Associate Professor and Director of China Economy and Business Program in Crawford School of Economics and Government at the Australian National University (ANU). His current research includes the ARC linkage project on China?s rapid industrialisation and its increasing demand for energy and resources, China?s steel industry transformation, and the private economy and entrepreneurship in Vietnam.

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