Diagnosing China's State-led Capitalism – Yasheng Huang




UPenn Center for the Study of Contemporary China show

Summary: As Chinese economic growth slows to its lowest rate in 30 years, there is rising concern (including among some Chinese scholars and officials) about the long-term viability of China's distinctive form of state-led capitalism, sometimes characterized in terms of a "China Model". Nevertheless, the Chinese government still appears committed to the approach marked by heavy state intervention in the economy that has driven China's growth since the 1990s, and especially since the global financial crisis of 2008.