Is the rise of China’s steel industry driven by market forces?

Term Paper , 2020 , 22 Pages , Grade: 1,7

Economics - Case Scenarios

Within this assignment the role and influence of the government and the development of the economic system in China will be taken into consideration in order to examine following research question: Is the rise of China's steel industry driven by market forces?

This assignment begins with an overview of the development of China's steel industry. Within Chapter 2 main historical events and achievements are high-lighted. Besides, key figures are presented and compared to countries around the globe, so that the position of the Chinese steel industry is highlighted. In the following Chapter 3, two basic economic systems and the accession of China to the World Trade Organization complete the background information which are essential regarding the research question.

Thereafter, the content of Chapter 4 outlines the structure of the steel industry regarding the significance of the government and its provision of subsidies to enterprises operating for the steel business. These results are the basis for discussion in Chapter 5. In this chapter, the WTO obligations, representing central characteristics of market forces, and the compliance within China's steel industry are analyzed. In conclusion, Chapter 6 contains a summary of the findings including limitations and an outlook for further researches.

List of Contents

List of Figures and Tables

List of Abbreviations

1 Introduction

2 The rise of China’s Steel Industry

3 Transition of China’s Economic System
3.1 Principles of market and planned economies
3.2 Entering the world market through WTO accession

4 Government Ownership of China’s Steel Industry
4.1 Involvement of Chinese Government
4.2 Subsidies to China’s Steel Industry

5 Violation of WTO obligations and absence of market forces

6 Conclusion and Outlook

Bibliography

ITM-Checklist

• College: University of applied sciences, Düsseldorf (FOM)
• Course: Economics
• Grade: 1,7
• Author: Mustafa Kirdök (Author)
• Publication Year: 2020
• Pages: 22
• Catalog Number: V542599
• ISBN (eBook): 9783346172891
• ISBN (Book): 9783346172907
• Language: English
• Tags: Chinese steel industry, Market Forces, WTO, Economic Systems