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State capitalism institutional adaptation and chinese miracle | East Asian government, politics and policy
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State capitalism institutional adaptation and chinese miracle | East Asian government, politics and policy
cambridge.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cambridge.org Daily Mail and Mail on Sunday newspapers.
China Daily, August 15, 2020.
Junfu Zhao is a PhD candidate in economics at the University of Utah. Zhao can be reached at junfu.zhao [at] utah.edu. The author thanks Rudiger von Arnim, Minqi Li, and Han Cheng for their helpful comments.
Following the Donald Trump administration’s publication of its 2017
National Security Strategy and 2018
National Defense Strategy that designated China as a strategic competitor, the tensions between the United States and China have been heightened, encompassing trade disputes, China’s economic regime and territorial sovereignty, conflicts over geopolitical influences, and even the portrayed confrontation between liberal democracy and authoritarianism.
1 The inauguration of the Joe Biden administration has not significantly changed U.S. foreign policy toward China. In his
The risky logic behind China’s economic strategy: ‘Politics in command’
A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China, on October 29, 2020. Photo via Aly Song/Reuters.
In a marked shift from its once-sacrosanct policy of economic reform and market opening, China these days seems to be increasingly tightening the state’s hand over business. Its government-controlled press is warning multinationals like Nike and United Airlines to keep silent over the situations in Xinjiang and the Taiwan Strait or risk being pushed out of the market. Officials are pressuring the country’s successful private companies to allow Chinese Communist Party (CCP) committees into their management and forcing them to bend to Beijing’s diktats. As the regime comes to see these companies as a rising threat, it’s becoming clear that we’re entering a new era of Chinese state capitali