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A ‘socialist’ economy in a capitalist world

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  • Jane Golley

Abstract

Contending views about the ‘threats’ and ‘opportunities’ relating to China’s economic rise reflect the complex and, for many, confusing role of the state in China’s reform and development process. This in turn relates to a marked difference between China’s official perception of ‘Socialism with Chinese characteristics’ and alternative views regarding the nature of its emerging capitalist system. This glaring gap in perceptions is problematic in an increasingly globalised world, complicating debates about what China should and will do to rebalance its domestic economy how other nations should and will react to the recent surge in Chinese investment overseas. This paper reflects on these debates in the context of China’s multifaceted and ever-evolving economic system.

Suggested Citation

  • Jane Golley, 2016. "A ‘socialist’ economy in a capitalist world," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 14(1), pages 9-24, February.
    • Handle: RePEc:taf:jocebs:v:14:y:2016:i:1:p:9-24
    DOI: 10.1080/14765284.2015.1132925
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    1. Jane Golley, 2007. "The Dynamics of Chinese Regional Development," Books, Edward Elgar Publishing, number 12656.
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    Cited by:

    1. Yi Qu & Yingqi Wei & Tao Jiang & Nan Zheng, 2017. "Linking R&D strategy, national innovation system and FDI to firm performance," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 15(1), pages 41-58, January.
    2. Caroline Elliott & Palitha Konara & Haiyi Ling & Chengang Wang & Yingqi Wei, 2018. "Behind film performance in China’s changing institutional context: The impact of signals," Asia Pacific Journal of Management, Springer, vol. 35(1), pages 63-95, March.

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