Communists Constructing Capitalism: State, Market, and the Party in China's Financial Reform (Paperback) (ISBN-13: 9781526135346)

Why has China's 'transition' to a market economy not catalysed corresponding political transformation? In an era of deepening synergy between authoritarian politics and capitalist economics, this book offers a novel perspective on this central dilemma of contemporary Chinese development, shedding light on how the Chinese Communist Party achieved rapid economic growth while preserving political stability. Drawing on extensive fieldwork and over sixty interviews with policymakers, bankers and former party and state officials, the book delves into the role of China's state-owned banking system since 1989, showing how political control over capital has been central to the country's experience of capitalist development. It challenges existing state-market paradigms of political economy and reveals the Eurocentric assumptions underpinning liberal perspectives towards Chinese authoritarian resilience.

Author: Julian Gruin
ISBN-10: 1526135345
ISBN-13: 9781526135346
Publisher: Manchester University Press
Language: English
Published: 06/28/2019
Pages: 296
Format: Paperback
Weight: 0.80lbs
Size: 8.50h x 5.60w x 0.80d