Book description

China's stunning growth rates have corresponded with the rise of 'state capitalism'. Since the mid-2000s, China's political economy has stabilized around a model where most sectors are marketized and increasingly integrated with the global economy; yet strategic industries remain firmly in the grasp of an elite empire of state-owned enterprises. What are the implications of state capitalism for industrial competitiveness, corporate governance, government-business relations, and domestic welfare? How does China's model of state capitalism compare with other examples of state-directed development in late industrializing countries? As China enters a phase of more modest growth, it is especially timely to understand how its institutions have adapted to new challenges and party-state priorities. In this volume, leading scholars of China's economy, politics, history, and society explore these compelling issues.

1.Introduction : state capitalism and the Chinese economic miracle /Kellee S. Tsai and Barry Naughton

Section I:Evolution of the state sector

2.State-owned business and party-state regulation in China's modern political economy /Margaret M. Pearson

3. Thetransformation of the state sector : SASAC, the market economy, and the new national champions /Barry Naughton

Section II:Outcomes and processes

4.Stability, asset management, and gradual change in China's reform economy /Dough Guthrie, Zhixing Xiao and Junmin Wang

5. Theemergence and evolution of Chinese business groups : are pyramidal groups forming? /Dylan Sutherland and Lutao Ning

6.Competition and upgrading in Chinese industry /Loren Brandt and Eric Thun

Section III: Thebig picture : historical, social, and systemic perspectives

7.Explaining the dynamics of change : tranformation and evolution of China's public economy through war, revolution, and peace, 1928-2008 /Morris L. Bian

8. Theevolution of a welfare state under China's state capitalism /Mark W. Frazier

9.Did China follow the East Asian development model? /Andrea Boltho and Maria Weber

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