How Capitalism Works in China
Nan Lin, Duke University
While China continues to develop capitalistic capacities, the party-state has increasingly tightened control of the economy and synchronized political and economic stratification – a tendency towards a centrally managed capitalism. Under centrally managed capitalism, the party-state commands the economy by controlling personnel, organizations, and capital in both political and economic arenas. This system is also undergoing an ideological transformation that will have profound implications for both China and world capitalism.
©2011 The International Association for Chinese Management Research