| Publication |
2013.
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| Summary/Abstract |
This article gives a broad characterization of China`s political economy, as well as specific aspect of its socio-economic instabilities. With a focus on China`s export-oriented industry sectors, concept from comparative and international political economy are applied to show how the Chinese economy can be understood as a variegated from the 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-side 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, there limits of the state's steering capacity and the weaknesses of its fragmented, competition driven structure.
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