The Chinese Fintech Boom and the Consolidation of Recentralized Authoritarian Capitalism
Bibliographic Data
| ID | 8373334 |
|---|---|
| Authors | Chiu‐wan Liu (0000-0002-5217-3400, corresponding author), Chiu-Wan Liu |
| Year | 2021 |
| Volume | 61 |
| Issue | 6 |
| Pages | 971-998 |
| Publication date | 2021-12-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Asian Survey (JOURNAL) |
| Journal identifiers | ISSN: 0004-4687 • E-ISSN: 1533-838X |
| Publisher | University of California Press (PUBLISHER • US) |
| DOI | 10.1525/as.2021.1428111 |
| OpenAlex | W3200699622 |
| Language | EN |
| Citations received | 5 |
| References cited | 19 |
This study analyzes the rise of DC/EP (digital currency electronic payment) in China by proposing the concept of “recentralized authoritarian capitalism.” It first examines how recentralized authoritarian capitalism started in 2010 in the form of a recentralizing of regulations. After considering how the fintech firms have restructured their shareholding in response to the recentralizing regulations, I delineate how these firms further strengthen recentralized authoritarian capitalism, as exemplified by how Alipay has helped realize the Party’s plan to launch DC/EP
Authoritarianism · Boom · Business · Capitalism · China · Consolidation (business · Democracy · Economic system · Economics · Market economy · Political economy · Political science · Politics · State capitalism · China's Socioeconomic Reforms and Governance · Engineering · Finance · FinTech, Crowdfunding, Digital Finance · Housing, Finance, and Neoliberalism · Law
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| Unique citing works | 5 |
|---|---|
| Citations per year | 1.25 |
| Citation span | 2022 - 2026 (5) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |