The Opening of China’s Economy and the Changing Role of the Party-State

Paolo Urio ()
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Paolo Urio: University of Geneva

Chapter Chapter 5 in China: From Poverty to World Power, 2024, pp 151-192 from Springer

Abstract: Abstract We have seen in Chap. 3 that since 1978, the introduction of market mechanisms has degenerated into a surge in inequalities and aggravated the environmental damages already existing during the Maoïst period. In fact, the liberalization introduced through market mechanisms is quite limited. It is not about leaving the economy free to develop in any direction or in the interest of a minority group. Certainly, by doing so, the Party-State had to make concessions and compromises. It had to accept the emergence of new socio-economic categories, which could attempt to make the most of this limited new freedom to pursue purely personal interests. This may be the result of the emergence of what some called a new class of ‘Red Capitalists.’

Date: 2024
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DOI: 10.1007/978-981-97-6922-3_5

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