China at the crossroads

Bibliographic Data

ID21282026
AuthorsLäszlö Csaba (1Department of International Relations, Central European University, Quellenstraße 51, 1100, Wien, Austria, corresponding author)
Year2020
Volume70
IssueS
Pages5-14
Publication date2020-10-16
Open AccessYes
TypeARTICLE
VenueActa Oeconomica (JOURNAL)
Journal identifiersISSN: 0001-6373 • E-ISSN: 1588-2659
PublisherAkademiai Kiado Zrt. (PUBLISHER • HU)
DOI10.1556/032.2020.00023
OpenAlexW3111297154
LanguageEN
Citations received2
References cited10

This essay joins in the international controversy about the nature and sustainability of the economic system in China. While official ideology continues to stick to the concept of ‘socialist market economy,’ albeit with changing contents, international observers are split. One group considers China as a de facto market economy, which is in line with the top-down tradition of ruling in the region. Others consider it as a sui generis system. And a third line takes it as yet another case of hybrid regime which proliferated globally in the new millennium. I try to create a link between these readings and the empirics of Chinese growth. This may help interpret the slowdown, exacerbated by the COVID-19 epidemics on Chinese output

China · Chinese economy · De facto · Development economics · Economic system · Economics · Economy · Ideology · International trade · Market economy · Political economy · Political science · Politics · Socialist market economy · China's Socioeconomic Reforms and Governance · Law · Post-Communist Economic and Political Transition · World Systems and Global Transformations

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