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Cover -- Contents -- Preface -- List of Abbreviations -- Note on Conversion of Key Measures and Romanization -- 1. The Power of Informal Institutions -- 2. The Political Economy of Informal Finance in China -- 3. Gendered Worlds of Finance in Fujian -- 4. Financial Innovation and Regulation in Wenzhou -- 5. Creative Capitalists in Henan -- 6. Curb Markets in Comparative Context -- 7. The Local Logics of Economic Possibility -- Appendix A: Research Methodology -- Appendix B: List of Non-Survey Field Interviews, 1994-2001 -- Appendix C: List of Surveys, 1996-97 -- Appendix D: Coding for Business Types -- Appendix E: Comparative Summary of Rotating Savings and Credit Associations -- Sources Cited in Table 6.1 and Appendix E -- Glossary of Chinese Terms -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- W -- X -- Y -- Z

The myth of China's democratic capitalists -- Bypassing democracy : regime durability, informal institutions, and political change -- The unofficial and official revival of China's private sector -- Private entrepreneurs' identities, interests, and values -- Diversity in private entrepreneurs' coping strategies -- Local variation in private sector conditions -- Changing China : adaptive informal institutions

The Xi-Li administration faces the dual challenge of managing state capitalism and shadow banking as China enters a phase of more moderate economic growth During China's first three decades of reform, private sector development occurred in parallel with prioritization of state-owned enterprises in strategic industries, and growth surged This pattern of state capitalism rested on an unarticulated bifurcated financing arrangement whereby the forma l banking system primarily served public enterprises, while private businesses relied primarily on informal finance, However, China s response to global financial crisis disrupted the preceding equilibrium of financial dualism under state capitalism. Unprecedented expansion of bank lending after 2008 created opportunities for a host of state economic actors-including SOEs, state banks, and local governments-to expand their participation in off-balance sheet activities. (Issues Stud/GIGA)

China's contemporary political economy is among the most exciting and demanding frontiers of research in comparative politics. The country's sheer size and internal diversity offer a natural laboratory for examining topics at multiple levels and units of analysis, and in varied regional environments. China's salience in the international media and business community also presents scholars with the added opportunity (and even responsibility) for clarifying popular misconceptions through original empirical research. An abundance of research possibilities is accompanied by a ready audience of nonacademic consumers.

Focusing exclusively on foreign direct investment (FDI) as a comparative measure of capital inflows obscures another significant source of funds—that of monetary remittances. This article emphasizes the empirical and analytic value of disaggregating FDI data and analyzing remittance trends in the two most populous developing countries in the world, China and India. While identifying the determinants of FDI inflows dominates much of the literature on FDI, this article suggests that the concept of FDI may not be the most meaningful indicator of relative developmental performance, especially given the reality of national definitional differences in FDI, roundtrip capital, growth in portfolio investment and variation in the sources and uses of realized FDI. In this context, the article examines what motivates the respective diasporas to send money back to their homelands in the form of FDI versus remittances and the local developmental implications of these diasporic flows. It proposes that attending to vernacular modes of capital formation such as ethnic and transnational networks presents an analytic opportunity to generate more empirically accurate and nuanced theories of political economy.