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Uses the framework of 'market in state', to argue that the Chinese economy is state-centered, dominated by political principles over economic principles.
List of contents
Introduction; Part I. Theory: 1. Market, state and capitalism: theories of political economy and China; 2. Market in state: a theory of Chinese political economy; Part II. History: 3. The state and market in imperial China; 4. Origins of the modern Chinese political economy: geopolitics, mobilization, and state building; Part III. Contemporary Institutions: 5. Grassroots capitalism and marketization: dynamics of market reform in the contemporary era; 6. The middle-ground: the nexus between the state and private enterprises; 7. The money regimes: fiscal and monetary reforms and their limits; 8. State capitalism: the centrally-managed SOEs and economic domination; Conclusion.
About the author
Yongnian Zheng is Professor and Director of the East Asian Institute at the National University of Singapore. He is the author of The Chinese Communist Party as Organizational Emperor (2010), Technological Empowerment (2007), Globalization and State Transformation in China (Cambridge, 2004) and Discovering Chinese Nationalism in China (Cambridge, 1999).Yanjie Huang conducts his doctoral research on modern Chinese history at Columbia University, New York. He has published papers and book chapters on China's state sector, food security, and monetary history.
Summary
The book explores the evolution of the Chinese economy and shows how it has always been a part of a state-centered Chinese order. It uses the framework of 'market in state' to demonstrate how it is dominated by political principles over economic principles.
Additional text
Advance praise: 'This study carefully explores the efforts of a centralized state to develop markets that, in modern times, adapted to a variety of free market mechanisms. The analysis of China's ventures into all levels of a global economy leads the authors to new theoretical insights into the market's impact on state development. It also shows how and why Chinese experiments have made an impact on our understanding of political economy. All students of contemporary China will find the study original and enlightening.' Wang Gungwu, National University of Singapore
