What is going on in Chinese Manufacturing Sector? Facts from China Employer-Employee Survey of 1121 Firms
Speaker
Hong Cheng
Date and Time
December 5, 2016 2:00 PM - 3:30 PM PST
Location
Doll Conference Room (Room 320), Gunn-SIEPR Building, 366 Galvez Street, Stanford, CA 94305-6015
Description
In China, rapidly changing prices and structures of the factors of production, cause a series of shocks and opportunities to Chinese manufacturing firms. Meanwhile, the supply-side structural reforms proposed by the Chinese government in recent years, provide a basket of policies and financial support for the firms to cope with the pressure of the economic downside risks. A large quantity of “zombie firms” are emerged in this long-term production inefficiency and difficulty of quitting the market. Unfortunately, due to the difficulty in collecting data from microeconomic units, both the real status of firms (especially SMEs), or the performance and utility of government policies are difficult to evaluate objectively, not to mention making effective improvement. Therefore, began in 2015, Wuhan University cooperated with Hong Kong University of Science and Technology, Tsinghua University and Chinese Academy of Social Sciences, launched the first ‘China Employer-Employee Survey’ (CEES), and has established the China CEES Database. So far, the Database has collected data from more than 1121 Chinese manufacturing sample enterprises and more than 8939 matched sample employees on various aspects, including firm’s basic information, production, sales, innovation, finance, quality and labor force for more than 1400 entries in 3 consecutive years (2013, 2014, 2015). The empirical analysis proves that, distortion of human capital for SOEs plays a very important role in this process.
About the Speaker
Cheng Hong joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) during the 2016–17 academic year from the Institute of Quality Development Strategy at Wuhan University, where he serves as a Professor of Economics and Dean of the Institute. His research interests encompass China’s economic transition, quality of economic development, product quality governance and regulation, and entrepreneurship and innovation. During his time at Shorenstein APARC, he will participate in a research on the phenomenon of ‘zombie firms’ emerging in China. Cheng is Director of Management Committee of China Employer-Employee Survey (CEES). He is also the Founding Editor of Journal of Macro-Quality Research since 2013. He received the First China Quality Award Nomination from the Chinese government in 2013. He received a Ph.D. in economics from Wuhan University in 1999.
Please click the link for more details: http://aparc.fsi.stanford.edu/events/how-zombie-firms-emerged-chinese-manufacturing-sector