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Fragmented Liberalization in the Chinese Automotive Industry: The Political Logic behind Beijing Hyundai's Success in the Chinese Market

机译:中国汽车行业的零散自由化:北京现代在中国市场取得成功的政治逻辑

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This paper explains the extraordinary rise of the Beijing Hyundai Motor Company(BHMC), a joint venture between a state-owned enterprise run by the Beijing municipal government and Hyundai Motor Company. Within the span of three years, the BHMC soared to become China's second-ranked automotive manufacturer in terms of units sold. I highlight the role of the Beijing municipal government in creating favourable market conditions for the BHMC during its initial operation phase(2002-2005). The Beijing municipal government selectively adopted protectionist measures and liberalizing measures to promote its locally based company. I characterize this practice as fragmented liberalization, a system through which sub-national governments discriminately apply WTO or central government regulations to promote their local joint venture partner. In so doing, I also challenge the existing assumption that multinational companies are the drivers of economic liberalization, by showing Hyundai's support for local protectionism and industrial policy at the sub-national level.
机译:本文解释了北京现代汽车公司(BHMC)的非凡崛起,该公司是由北京市政府经营的国有企业与现代汽车公司之间的合资企业。在三年的时间里,BHMC飙升,成为按销量计算的中国第二大汽车制造商。我强调了北京市政府在BHMC的初始运营阶段(2002-2005年)创造有利市场条件的作用。北京市政府有选择地采取了贸易保护主义措施和自由化措施,以促进其在当地的公司的发展。我将这种做法描述为零散的自由化制度,地方政府通过该制度歧视性地应用WTO或中央政府的法规来促进其本地合资伙伴。在此过程中,我还通过展示现代汽车在地方政府层面上对地方贸易保护主义和产业政策的支持,对跨国公司是经济自由化的现有假设提出了挑战。

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