What is the main engine of the Chinese economy growth?
Foreign investments are the cause of the Chinese boom. For the last ten years China betted upon the economic opening up, and on the import of new technologies. Foreign investments are at the heart of the rise of the Chinese economy and the modernization of its manufacturing industries. Currently, about 30 percent of the Chinese industrial production comes from firms that have a foreign participation in their capital. There has been a constant and deliberate will to channel foreign investments toward manufacturing industries, according to a number of priorities: new technologies sectors (electronics and telecommunications), industries with high capitalistic intensity (automotive), export industries. The government encouraged these industries with fiscal and tariff baits. It was a success: in 2003 subsidiaries of foreign firms accounted for half of Chinese exports. Besides this, are there local groups that spring up? Even though the foreign presence is very high in certain sectors like a
