Books

08.01.17

Globalization against Democracy

Guoguang Wu
Globalization has reconfigured both the external institutional framework and the intrinsic operating mechanisms of capitalism. The global triumph of capitalism implies the embracing of the market by the state in all its variants, and that global capitalism is not confined to the shell of nation-state democracy. Guoguang Wu provides a theoretical framework of global capitalism for specialists in political economy, political science, economics, and international relations, for graduate and undergraduate courses on globalization, capitalism, development, and democracy, as well as for the public who are interested in globalization. Wu examines the new institutional features of global capitalism and how they re-frame movements of capital, labor, and consumption. He explores how globalization has created a chain of connection in which capital depends on effective authoritarianism, while democracy depends on capital. Ultimately, he argues that the emerging state-market nexus has fundamentally shaken the existing institutional systems, harming democracy in the process. —Cambridge University Press{chop}

Books

04.05.17

China’s Crony Capitalism

Minxin Pei
When Deng Xiaoping launched China on the path to economic reform in the late 1970s, he vowed to build “socialism with Chinese characteristics.” More than three decades later, China’s efforts to modernize have yielded something very different from the working people’s paradise Deng envisioned: an incipient kleptocracy, characterized by endemic corruption, soaring income inequality, and growing social tensions. China’s Crony Capitalism traces the origins of China’s present-day troubles to the series of incomplete reforms from the post-Tiananmen era that decentralized the control of public property without clarifying its ownership.Beginning in the 1990s, changes in the control and ownership rights of state-owned assets allowed well-connected government officials and businessmen to amass huge fortunes through the systematic looting of state-owned property—in particular land, natural resources, and assets in state-run enterprises. Mustering compelling evidence from over two hundred corruption cases involving government and law enforcement officials, private businessmen, and organized crime members, Minxin Pei shows how collusion among elites has spawned an illicit market for power inside the party-state, in which bribes and official appointments are surreptitiously but routinely traded. This system of crony capitalism has created a legacy of criminality and entrenched privilege that will make any movement toward democracy difficult and disorderly.Rejecting conventional platitudes about the resilience of Chinese Communist Party rule, Pei gathers unambiguous evidence that beneath China’s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay. —Harvard University Press{chop}

Books

12.20.16

The Beautiful Country and the Middle Kingdom

John Pomfret
From the clipper ships that ventured to Canton hauling cargos of American ginseng to swap for Chinese tea, to the U.S. warships facing off against China’s growing navy in the South China Sea, from the Yankee missionaries who brought Christianity and education to China, to the Chinese who built the American West, the United States and China have always been dramatically intertwined. For more than two centuries, American and Chinese statesmen, merchants, missionaries, and adventurers, men and women, have profoundly influenced the fate of these nations. While we tend to think of America’s ties with China as starting in 1972 with the visit of President Richard Nixon to China, the patterns—rapturous enchantment followed by angry disillusionment—were set in motion hundreds of years earlier.Drawing on personal letters, diaries, memoirs, government documents, and contemporary news reports, John Pomfret reconstructs the surprising, tragic, and marvelous ways Americans and Chinese have engaged with one another through the centuries. A fascinating and thrilling account, The Beautiful Country and the Middle Kingdom is also an indispensable book for understanding the most important—and often the most perplexing—relationship between any two countries in the world. —Henry Holt{chop}

Sinica Podcast

07.11.16

The Street of Eternal Happiness

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
Rob Schmitz, China correspondent for Marketplace, has been living in China on and off since 1995. He is the author of Street of Eternal Happiness: Big City Dreams Along a Shanghai Road, a book about the people living and working on Changle Lu in...

Books

06.15.16

Street of Eternal Happiness

Rob Schmitz
Modern Shanghai: a global city in the midst of a renaissance, where dreamers arrive each day to partake in a mad torrent of capital, ideas, and opportunity. Marketplace’s Rob Schmitz is one of them. He immerses himself in his neighborhood, forging deep relationships with ordinary people who see in the city’s sleek skyline a brighter future and a chance to rewrite their destinies. There’s Zhao, whose path from factory floor to shopkeeper is sidetracked by her desperate measures to ensure a better future for her sons. Down the street lives Auntie Fu, a fervent capitalist forever trying to improve herself with religion and get-rich-quick schemes while keeping her skeptical husband at bay. Up a flight of stairs, musician and café owner CK sets up shop to attract young dreamers like himself, but learns he’s searching for something more. As Schmitz becomes more involved in their lives, he makes surprising discoveries which untangle the complexities of modern China: A mysterious box of letters that serve as a portal to a family’s—and country’s—dark past, and an abandoned neighborhood where fates have been violently altered by unchecked power and greed.A tale of 21st century China, Street of Eternal Happiness profiles China’s distinct generations through multifaceted characters who illuminate an enlightening, humorous, and at times heartrending journey along the winding road to the Chinese Dream. Each story adds another layer of humanity and texture to modern China, a tapestry also woven with Schmitz’s insight as a foreign correspondent. The result is an intimate and surprising portrait that dispenses with the tired stereotypes of a country we think we know, immersing us instead in the vivid stories of the people who make up one of the world’s most captivating cities. —Crown Publishers {chop}

The Rise of Entrepreneurship in China

Edward Tse
Forbes
The entrepreneurial spirit runs deeper than just in business. It manifests itself in the government and in the desires of ordinary people.

The China Economy: What Lessons for Africa?

Eric Olander, Cobus van Staden & more
When African policy makers scan the globe in search of inspiration on how to structure their economies, that search often leads to Beijing. Not surprisingly, African leaders look at what China has done over the past 30 years where it went from being...

Conversation

08.25.15

Is the Bloom Off the Rose of China’s Economic Miracle?

Arthur R. Kroeber, David Schlesinger & more
On Monday, August 24, the Shanghai Composite Index dropped 8.5 percent, its second such steep fall since late July, and its worst since 2007. On Tuesday, stocks fell an additional 7.6 percent. The steep slide translates into more than $4 trillion in...

Conversation

07.29.15

Can Xi Jinping Turn China’s Economy Around?

Arthur R. Kroeber, George Chen & more
On Monday, the Shanghai Composite Index fell 8.5 percent, erasing all of the gains it had made in an extraordinary run-up this year. The drop was the second 8.5 percent drop in recent weeks. The first such drop (the occasion for the Conversation...

Viewpoint

12.16.14

Why Marx Still Matters: The Ideological Drivers of Chinese Politics

Rogier Creemers
In days of greater political brouhaha, “to go and see Marx” used to be a slang expression among Chinese Communists, to refer to death. More recently, a considerable number of commentators have pronounced the expiry of Marxism itself. China’s reform...

‘China Strikes Back’: An Exchange

Perry Link & Orville Schell from New York Review of Books
Letters in response to: “China Strikes Back!” from the October 23, 2014 issue of The New York Review of Books.To the Editors:In “China Strikes Back” [NYR, October 23], Orville Schell sounds a much-needed wake-up call about China’s recent attitude...

Media

04.28.14

A Guide to Social Class in Modern China

Class is a sensitive word in China. Marxist-Leninist rhetoric like “class enemies,” “class conflict,” and “class struggle” are rarely seen in the country’s media these days, but since China began its market reforms in 1979, stratification has...

Sinica Podcast

04.07.14

In Conversation with Timothy Garton Ash

Kaiser Kuo, Jeremy Goldkorn & more from Sinica Podcast
This week on Sinica, Kaiser Kuo and Jeremy Goldkorn are pleased to host a conversation with Timothy Garton Ash, Professor of History at Oxford University and recent participant in the Capital M Literary Festival in Beijing. As one the world's...

Conversation

10.25.13

Can State-Run Capitalism Absorb the Shocks of ‘Creative Destruction’?

Barry Naughton, Shai Oster & more
Following are ChinaFile Conversation participants’ reactions to “China: Superpower or Superbust?” in the November-December issue of The National Interest in which author Ian Bremmer says that China’s state-capitalism is ill-equipped to absorb the...

Pollution Economics

Dirk Forrister and Paul Bledsoe
New York Times
With more than a million people dying prematurely each year from breathing its dirty air, the Communist country is experimenting with a capitalist approach: create incentives so that the market will force reductions in emissions.

Excerpts

07.02.13

Rejuvenation (复兴)

Orville Schell & John Delury
If any of the makers of modern China who agonized over their country’s enfeebled state and dreamed of better times during the past century and a half could have visited Beijing’s Pangu Plaza today, they would hardly believe their eyes. Pangu’s...

Books

07.02.13

Wealth and Power

Orville Schell and John Delury
Through a series of lively and absorbing portraits of iconic modern Chinese leaders and thinkers, two of today’s foremost specialists on China provide a panoramic narrative of this country’s rise to preeminence that is at once analytical and personal. How did a nation, after a long and painful period of dynastic decline, intellectual upheaval, foreign occupation, civil war, and revolution, manage to burst forth onto the world stage with such an impressive run of hyperdevelopment and wealth creation—culminating in the extraordinary dynamism of China today?Wealth and Power answers this question by examining the lives of eleven influential officials, writers, activists, and leaders whose contributions helped create modern China. This fascinating survey begins in the lead-up to the first Opium War with Wei Yuan, the nineteenth-century scholar and reformer who was one of the first to urge China to borrow ideas from the West. It concludes in our time with human-rights advocate and Nobel Peace Prize laureate Liu Xiaobo, an outspoken opponent of single-party rule. Along the way, we meet such titans of Chinese history as the Empress Dowager Cixi, public intellectuals Feng Guifen, Liang Qichao, and Chen Duxiu, Nationalist stalwarts Sun Yat-sen and Chiang Kai-shek, and Communist Party leaders Mao Zedong, Deng Xiaoping, and Zhu Rongji.{node, 3592}The common goal that unites all of these disparate figures is their determined pursuit of fuqiang, “wealth and power.” This abiding quest for a restoration of national greatness in the face of a “century of humiliation” at the hands of the Great Powers came to define the modern Chinese character. It’s what drove both Mao and Deng to embark on root-and-branch transformations of Chinese society, first by means of Marxism-Leninism, then by authoritarian capitalism. And this determined quest remains the key to understanding many of China’s actions today.By unwrapping the intellectual antecedents of today’s resurgent China, Orville Schell and John Delury supply much-needed insight into the country’s tortured progression from nineteenth-century decline to twenty-first-century boom. By looking backward into the past to understand forces at work for hundreds of years, they help us understand China today and the future that this singular country is helping shape for all of us. —Random House

Caixin Media

07.01.13

Renewed Growth on the New Third Board

The State Council announced on June 19 that it would expand the New Third Board, an over-the-counter (OTC) market for non-listed companies’ shares, to include all small and medium-sized enterprises (SMEs) nationwide.One of the experts estimated the...

Books

12.17.12

Socialism Vanquished, Socialism Challenged

Nina Bandelj, Dorothy Solinger (editors)
Socialism Vanquished, Socialism Challenged examines the twenty-year aftermath of the 1989 assaults on established, state-sponsored socialism in the former Soviet bloc and in China. Editors Nina Bandelj and Dorothy J. Solinger bring together prominent experts on Eastern Europe and China to examine the respective trajectories of political, economic, and social transformations that unfolded in these two areas, while also comparing the changes that ensued within the two regions. The volume features paired comparisons, with one chapter on the countries from the former Soviet bloc and one on China for each of the following themes: the reinstitutionalization of politics, the recasting of state-society relations, the reform of economic systems, changes in economic behavior, and transformations of social institutions. Despite differences in the specific substantive focus and disciplinary grounding among individual chapters, all chapters share a concern with the fate of the state in postsocialism. They elaborate on topics such as the transformations of the old socialist state and its nature, activities and roles; civil society before and after 1989; the ways in which the state has, or has not, acted to encourage new forms of economic behavior; and the state's responsibility for societal trends, whether in family formation, in protest or in inequality. Taking a unique approach to understand twentieth-century socialism on a global scale, Socialism Vanquished, Socialism Challenged uncovers insights about political models and economic patterns that have emerged in the grand project of the transition from socialism. —Oxford University Press

Viewpoint

12.14.92

China Plays the Market

Orville Schell & Todd Lappin from Nation
With the Chinese stock market in turmoil earlier this month, Orville Schell, Arthur Ross Director of the Center on U.S.-China Relations, wrote about the dramatic crash for The Guardian: “Why China’s Stock Market Bubble Was Always Bound To Burst.”...