Communists constructing capitalism: state, market, and the party in China's financial reform

Why has China's 'transition' to a market economy not catalysed corresponding political transformation? In an era of deepening synergy between authoritarian politics and capitalist economics, this book offers a novel perspective on this central dilemma of contemporary Chinese development, shedding light on how the Chinese Communist Party achieved rapid economic growth while preserving political stability. Drawing on extensive fieldwork and over sixty interviews with policymakers, bankers and former party and state officials, the book delves into the role of China's state-owned banking system since 1989, showing how political control over capital has been central to the country's experience of capitalist development. It challenges existing state-market paradigms of political economy and reveals the Eurocentric assumptions underpinning liberal perspectives towards Chinese authoritarian resilience.

Machine generated contents note: 1.State, market, and the Party in Chinese capitalism -- 2.Ancient markets, modern capitalism: China and the problem of Eurocentrism -- 3.CCP authority and the two faces of uncertainty -- 4.From Tiananmen onwards: constructing capitalism in the 1990s -- 5.Entering the world: consolidating capitalism in the 2000s -- 6.Post-crisis challenges: confronting capitalism in the 2010s -- 7.Chinese finance and the future of authoritarian capitalism.