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  • "This article gives a broad characterization of China's political economy, as well as specific aspects of its socio-economic instabilities. With a focus on China's export-oriented industry sectors, concepts from comparative and international political economy are applied to show how the Chinese economy can be understood as a variegated form of state-permeated capitalism that at the same time is deeply integrated into world economic processes. The article goes on to portray the socio-economic dynamics, as well as the instabilities of China's new capitalism, that are at the root of the state leadership's attempts to turn away from a one-sided model of export and investment-driven growth. Thereby, a number of obstacles are revealed for the 'rebalancing' of the economy: a continued dependence on exports, a lack of domestic consumer demand which impedes a significant 'social' upgrading, the ongoing low-wage model for which there is no end in sight, the limits of the state's steering capacity and the weaknesses of its fragmented, competition-driven structure." (author's abstract) (xsd:string)
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?:dateModified
  • 2013 (xsd:gyear)
?:datePublished
  • 2013 (xsd:gyear)
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  • en (xsd:string)
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?:issn
  • 1868-4874 ()
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  • 4 (xsd:string)
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  • Paradoxes of prosperity in China's new capitalism (xsd:string)
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  • Zeitschriftenartikel (xsd:string)
  • journal_article (en)
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  • GESIS-SSOAR (xsd:string)
  • In: Journal of Current Chinese Affairs, 42, 2013, 4, 17-44 (xsd:string)
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?:urn
  • urn:nbn:de:gbv:18-4-6915 ()
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  • 42 (xsd:string)