The Advance of the State in Contemporary China

State-Market Relations in the Reform Era

Nonfiction, Social & Cultural Studies, Political Science, International, Business & Finance
Cover of the book The Advance of the State in Contemporary China by Sarah Eaton, Cambridge University Press
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Author: Sarah Eaton ISBN: 9781316585818
Publisher: Cambridge University Press Publication: December 18, 2015
Imprint: Cambridge University Press Language: English
Author: Sarah Eaton
ISBN: 9781316585818
Publisher: Cambridge University Press
Publication: December 18, 2015
Imprint: Cambridge University Press
Language: English

Since the global financial crisis of 2008–9, central-level, state-owned enterprises (SOEs) in China have extended their reach into the Chinese economy. Some have interpreted this development as a turning point in Chinese economic development; a decision for state capitalism and a stand against slow but steady marketization. In The Advance of the State in Contemporary China, Sarah Eaton suggests that the shift is a much slower-moving process and that this particular aspect of state sector reform can be seen to predate the financial crisis. She argues that the 'advance of the State' has in fact developed incrementally from an eclectic set of ideas regarding the political and economic significance of large and profitable state-controlled enterprise groups. Drawing from case studies of China's telecommunication services and airline reforms, this fascinating new study offers illuminating insight into China's much-vaunted, but poorly understood, brand of state capitalism.

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Since the global financial crisis of 2008–9, central-level, state-owned enterprises (SOEs) in China have extended their reach into the Chinese economy. Some have interpreted this development as a turning point in Chinese economic development; a decision for state capitalism and a stand against slow but steady marketization. In The Advance of the State in Contemporary China, Sarah Eaton suggests that the shift is a much slower-moving process and that this particular aspect of state sector reform can be seen to predate the financial crisis. She argues that the 'advance of the State' has in fact developed incrementally from an eclectic set of ideas regarding the political and economic significance of large and profitable state-controlled enterprise groups. Drawing from case studies of China's telecommunication services and airline reforms, this fascinating new study offers illuminating insight into China's much-vaunted, but poorly understood, brand of state capitalism.

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