You can help expand this article with text translated from
the corresponding article in Chinese. (May 2024) Click [show] for important translation instructions.
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Party-state capitalism | |||||||
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Simplified Chinese | 党国资本主义 | ||||||
Traditional Chinese | 黨國資本主義 | ||||||
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Party-state capitalism ( simplified Chinese: 党国资本主义; traditional Chinese: 黨國資本主義) is a term used by some economists and sociologists to describe the contemporary economy of China under the Chinese Communist Party (CCP). [1] [2] The term has also been used to describe the economy of Taiwan under the authoritarian military government of the Kuomintang (KMT). The term is not used by the Kuomintang itself; it was coined by Taiwanese economists, such as Chen Shih-meng and Cyrus Chu, in their research report Deconstructing the KMT-State Capitalism (解構黨國資本主義). [3] [4]
Margaret Pearson, Meg Rithmire, and Kellee S. Tsai have proposed to use the term "party-state capitalism" as a variant of state capitalism to conceptualize the political-economic dynamics of China since the late 2000s. [1] [5] [6] They demonstrate this concept by examining three prominent manifestations of China's unique model: party-state encroachment on markets; a blending of functions and interests of state and private ownership; and politicized interactions with foreign capital. [1]
Ms Pearson and her co-authors say that China is moving from state capitalism, where business is guided by national interests, to "party-state capitalism", in which it is organised around the interests of the Communist Party.
You can help expand this article with text translated from
the corresponding article in Chinese. (May 2024) Click [show] for important translation instructions.
|
Party-state capitalism | |||||||
---|---|---|---|---|---|---|---|
Simplified Chinese | 党国资本主义 | ||||||
Traditional Chinese | 黨國資本主義 | ||||||
|
Party-state capitalism ( simplified Chinese: 党国资本主义; traditional Chinese: 黨國資本主義) is a term used by some economists and sociologists to describe the contemporary economy of China under the Chinese Communist Party (CCP). [1] [2] The term has also been used to describe the economy of Taiwan under the authoritarian military government of the Kuomintang (KMT). The term is not used by the Kuomintang itself; it was coined by Taiwanese economists, such as Chen Shih-meng and Cyrus Chu, in their research report Deconstructing the KMT-State Capitalism (解構黨國資本主義). [3] [4]
Margaret Pearson, Meg Rithmire, and Kellee S. Tsai have proposed to use the term "party-state capitalism" as a variant of state capitalism to conceptualize the political-economic dynamics of China since the late 2000s. [1] [5] [6] They demonstrate this concept by examining three prominent manifestations of China's unique model: party-state encroachment on markets; a blending of functions and interests of state and private ownership; and politicized interactions with foreign capital. [1]
Ms Pearson and her co-authors say that China is moving from state capitalism, where business is guided by national interests, to "party-state capitalism", in which it is organised around the interests of the Communist Party.