Endnote export
%T Paradoxes of prosperity in China's new capitalism %A ten Brink, Tobias %J Journal of Current Chinese Affairs %N 4 %P 17-44 %V 42 %D 2013 %@ 1868-4874 %~ GIGA %> https://nbn-resolving.org/urn:nbn:de:gbv:18-4-6915 %X "This article gives a broad characterization of China's political economy, as well as specific aspects of its socio-economic instabilities. With a focus on China's export-oriented industry sectors, concepts from comparative and international political economy are applied to show how the Chinese economy can be understood as a variegated form of state-permeated capitalism that at the same time is deeply integrated into world economic processes. The article goes on to portray the socio-economic dynamics, as well as the instabilities of China's new capitalism, that are at the root of the state leadership's attempts to turn away from a one-sided model of export and investment-driven growth. Thereby, a number of obstacles are revealed for the 'rebalancing' of the economy: a continued dependence on exports, a lack of domestic consumer demand which impedes a significant 'social' upgrading, the ongoing low-wage model for which there is no end in sight, the limits of the state's steering capacity and the weaknesses of its fragmented, competition-driven structure." (author's abstract) %C DEU %G en %9 journal article %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info