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Containers being loaded onto a ship behind enormous crane gantrys at Yangshan deep water port

The Enigma of China’s Growth

This article will be released in full online December 24, 2018.

China’s economic development and success has been widely misunderstood and treated with perplexity. This overview of the Chinese economy provides an analysis of the drivers of the country’s growth and crises, including industrialization and the agrarian question. | more…

Panoramic view at Shanghai Pudong from the Eton Hotel

On the Nature of the Chinese Economic System

There is considerable debate within China about the nature of the economy, including recognition of tendencies toward state capitalism. Consequently, most writers focus theorization of the many possible paths the economy could take—whether toward or away from capitalism. The present article takes a step further, arguing that the Chinese system today still contains some key components of socialism and is compatible with a market, or market-based, socialism that is clearly distinct from capitalism. | more…