Market Socialism and the Emergence of China’s Crony Capitalism: The Role of the Princelings

Jianyong Yue ()
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Jianyong Yue: London School of Economics and Political Science

Chapter Chapter 2 in Crony Comprador Capitalism, 2024, pp 15-30 from Springer

Abstract: Abstract This chapter explores the impact of Deng Xiaoping's market-socialist reforms in the 1980s and their pivotal role in establishing the foundation for China's crony capitalism. It delves into the distinctive role of the princelings in facilitating the transformation of the New Class from a privileged group into a new bourgeoisie.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-53154-5_2

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DOI: 10.1007/978-3-031-53154-5_2

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