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To Understand China: Past and Future

In: The Imperial Mode of China

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  • George Hong Jiang

    (Heidelberg University
    Peking University)

Abstract

Chapter 10 introduces a few basic conclusions and extrapolations about China’s past, present and future. A main argument is that the Imperial Mode which emerged in the Pre-Qin era and ran through the two millennia of ancient China still impacts present China, thus forming a unique social type, namely “Oriental Capitalism”. The central authority of emperorshipemperorship is replaced by the central communist government. The bureaucratic system is filled with massive individuals and organisations selected by the central government. A mixed economymixed economy in which state-owned enterprises and private economies coexist forms the base of the pyramid structure. While details might be missed, the structure catches the essence of the operational mechanism of Chinese society. China’s modernisationmodernisation will entail gradual extinction of the imperial system, but there is no reason to hope that China will get rid of it overnight. A strong government will continue to exist and imprint the society. The last section proposes that China can learn lessons from the German social market economymarket economy in which the market economy works well with only necessary actions of the government.

Suggested Citation

  • George Hong Jiang, 2023. "To Understand China: Past and Future," Palgrave Studies in Economic History, in: The Imperial Mode of China, chapter 0, pages 305-320, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-031-27015-4_10
    DOI: 10.1007/978-3-031-27015-4_10
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