Is China part of the world? Based on much of the political, media, and popular discourse in the West the answer is seemingly no. Even after four decades of integration into the global socioeconomic system, discussions of China continue to be underpinned by a core assumption: that the country represents a fundamentally different 'other' that somehow exists outside the 'real' world. Either implicitly or explicitly, China is generally depicted as an external force with the potential to impact on the 'normal' functioning of things. This core assumption, of China as an orientalised, externalised, and separate 'other', ultimately produces a distorted image of both China and the world. This Element seeks to illuminate the ways in which the country and people form an integral part of the global capitalist system. This title is also available as Open Access on Cambridge Core.
Since 2017, the Chinese authorities have detained hundreds of thousands of Uyghurs, Kazakhs and other Muslim minorities in 'reeducation camps' in China's northwestern Xinjiang autonomous region.
One of the main drivers of China's e-commerce boom is the dramatic expansion of the country's Internet finance industry, which has grown and diversified at a staggering rate over the past decade. The emergence of Chinese Internet finance has been discussed in largely positive terms as facilitating commercial activity. It has also been linked to the wider developmental goal of promoting financial inclusion through the provision of financial services to previously excluded populations. Emerging from the global microfinance movement, the concept of financial inclusion depicts increased access to financial services (particularly credit) as an inherently beneficial means of empowering the poor and driving bottom-up economic development. This article challenges this dominant narrative of beneficial digital financial inclusion in China. It draws on the growing body of literature critiquing the global financial inclusion movement, and examines examples of exploitation, fraud, instability, and extraction related to expanded digital financial coverage in contemporary China. It then demonstrates that digital financial inclusion is part and parcel of the Chinese government's plans to create a social credit system in an attempt to construct a "trustworthy society." In this way, digital financial inclusion can be seen as a key element in a wider project of expanding surveillance through big data in order to close down spaces for those seeking to contest the hegemonic socioeconomic order. The article argues that these examples illuminate fundamental processes implicit in the expansion of the commercial Internet finance industry. In this way, while the extension of digital financial inclusion in China benefits certain groups, it also necessarily serves to reproduce patterns of inequality and exploitation. (China Perspect/GIGA)