| ID | 181882 |
| Title Proper | Chinese Fintech Boom and the Consolidation of Recentralized Authoritarian Capitalism |
| Language | ENG |
| Author | Liu, Chiu-Wan |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | Asian Survey Vol. 61, No.6; Nov-Dec 2021: p.971–998 |
| Journal Source | Asian Survey Vol: 61 No 6 |
| Key Words | China ; Authoritarian Capitalism ; Recentralization ; Fintech ; DC/EP |