Description
| Product ID: | 9781138578043 |
| Product Form: | Paperback / softback |
| Country of Manufacture: | GB |
| Series: | Routledge Studies on the Chinese Economy |
| Title: | China's Centralized Industrial Order |
| Subtitle: | Industrial Reform and the Rise of Centrally Controlled Big Business |
| Authors: | Author: Chen Li |
| Page Count: | 228 |
| Subjects: | Social and cultural history, Social & cultural history, Ethnic studies, Economics, International economics, Political economy, International business, Organizational theory and behaviour, Ethnic studies, Economics, International economics, Political economy, International business, Organizational theory & behaviour |
| Description: | China''s industrial reform has traditionally been depicted as the dissolution of central party state control and the development of an increasingly open, market-oriented, decentralized system, adhering to the standards of liberal market economy. This book, on the other hand, argues that these narratives are partial and misleading in that they ignore the persistence of an adaptable centrally controlled industrial governance system. The book examines the nature of this system, showing how China has been continuously experimenting with new practices, how institutions have evolved, and how, overall, China''s industrial reform is a diverse, multi-faceted and adaptable process. This book is about the political economy of China’s industrial reform and the rise of a group of Chinese big businesses under the Communist Party and the central state’s control. It examines the origins, evolution and institutional configuration of this centralized system in governing the ‘commanding heights’ of the Chinese industrial economy. Shaped by persistent industrial policies to develop China’s ‘national champions’ enterprises, the core parts of China’s central industrial ministries and mono-bank system have been transformed into a ‘national team’ of giant modern business firms in industries such as oil, power generation, telecommunications, aerospace, aviation, nuclear, shipbuilding, mining, construction, automobile and banking. Through an adaptive process of learning, experimentation and restructuring, the bedrock of the authority relations and control mechanisms among the Party, government bureaucracy and firms has been consolidated rather than dismantled in the system’s transformation. This alternative view of China’s industrial reform presents a direct challenge to the neo-liberal transition model of China’s institutional development and the mainstream Western conceptions of Chinese big business. |
| Imprint Name: | Routledge |
| Publisher Name: | Taylor & Francis Ltd |
| Country of Publication: | GB |
| Publishing Date: | 2017-10-12 |
