State Capitalism Institutional Adaptation and the Chinese Miracle

China''s stunning growth rates have corresponded with the rise of “state capitalism.” Since the mid-2000s China''s political economy has stabilized around a model where most sectors are marketized and increasingly integrated with the global economy; yet strategic industries remain firmly in the grasp of an elite empire of state-owned enterprises. What are the implications of state capitalism for industrial competitiveness corporate governance government-business relations and domestic welfare? How does China''s model of state capitalism compare with other examples of state-directed development in late industrializing countries? As China enters a phase of more modest growth it is especially timely to understand how its institutions have adapted to new challenges and party-state priorities. In this volume leading scholars of China''s economy politics history and society explore these compelling issues.