China at the crossroads

László Csaba ()
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László Csaba: Department of International Relations, Central European University, Quellenstraße 51, 1100, Wien, Austria

Acta Oeconomica, 2020, vol. 70, issue s, 5-14

Abstract: This essay joins in the international controversy about the nature and sustainability of the economic system in China. While official ideology continues to stick to the concept of ‘socialist market economy’, albeit with changing contents, international observers are split. One group considers China as a de facto market economy, which is in line with the top-down tradition of ruling in the region. Others consider it as a sui generis system. And a third line takes it as yet another case of hybrid regime which proliferated globally in the new millennium. I try to create a link between these readings and the empirics of Chinese growth. This may help interpret the slowdown, exacerbated by the COVID-19 epidemics on Chinese output.

Keywords: hybrid regimes; growth deceleration; socialist market economy; informalism; comparative economic systems; property rights; party control (search for similar items in EconPapers)
JEL-codes: P11 P16 P21 P27 P52 (search for similar items in EconPapers)
Date: 2020
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