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China at the crossroads
Title / Series / Name
Publication Volume
Publication Issue
Pages
Authors
Editors
Keywords
Comparative economic systems
Growth deceleration
Hybrid regimes
Informalism
Party control
Property rights
Socialist market economy
Economics and Econometrics
Growth deceleration
Hybrid regimes
Informalism
Party control
Property rights
Socialist market economy
Economics and Econometrics
URI
https://hdl.handle.net/20.500.14018/26882
Abstract
This essay joins in the international controversy about the nature and sustainability of the economic system in China. While official ideology continues to stick to the concept of 'socialist market economy,' albeit with changing contents, international observers are split. One group considers China as a de facto market economy, which is in line with the top-down tradition of ruling in the region. Others consider it as a sui generis system. And a third line takes it as yet another case of hybrid regime which proliferated globally in the new millennium. I try to create a link between these readings and the empirics of Chinese growth. This may help interpret the slowdown, exacerbated by the COVID-19 epidemics on Chinese output.
Topic
Publisher
Place of Publication
Type
Journal article
Date
2020-09
Language
ISBN
Identifiers
10.1556/032.2020.00023