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Refurbishing state capitalism : a policy analysis of efforts to rebalance China's political economy

Den Staatskapitalismus renovieren : eine Politikanalyse der Anstrengungen zur Neubewertung der politischen Ökonomie Chinas
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McNally, Christopher A.

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Abstract "This article provides an analysis of policy initiatives aimed at rebalancing China's political economy, especially those contained in the 12th Five Year Plan and other recent pronouncements. The objective is to generate a conceptual examination of these policy measures, thereby highlighting their basic intent and purpose. The analysis shows that the Chinese leadership intends to pursue policies that can centralize, standardize and regulate the political economy under continued state guidance. Due to the considerable political obstacles that Chinese policy-makers face in rebalancing the political economy, a more state-centric approach is seen as necessary. China is therefore pursuing a policy package of refurbishing state capitalism. While a degree of liberalization is likely to be undertaken, the major thrust is one of revamping, restructuring and, ultimately, strengthening state control and guidance over the political economy." (author's abstract)
Keywords China; capitalism; post-socialist country; post-communist society; transformation; liberalization; national state; exertion of government pressure; political economy; action orientation; investment; investment policy; socioeconomic development; social differentiation; Far East; developing country; Asia
Classification National Economy; Basic Research, General Concepts and History of Political Science
Method descriptive study; empirical; quantitative empirical; theory application
Document language English
Publication Year 2013
Page/Pages p. 45-71
Journal Journal of Current Chinese Affairs, 42 (2013) 4
Issue topic Rebalancing China's political economy
ISSN 1868-4874
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works