The Changing Business–State Relations in China: The View from Socialist Corporatism
By using socialist corporatism as a theoretical window, this study examines how China’s resilient Leninist institutions constrain substantial changes in government–business relations. It then discusses the government restructuring and economic downturn stemming from the 2008 global financial crisis onward as internal and external sources of emerging statist policy ideas, respectively. Institutionally, the changing balance of power in the state structure is emphasized in order to explain how China’s market regulation is shifting to a more inclusive one. The case of the recent anti-monopoly probing against the telecom giants is examined to support these arguments. The study concludes with a brief reflection on the nature of regulation in the Chinese political economy.
KeywordsChina’s telecom sector Government–business relations Anti-monopoly regime National Development and Reform Commission Socialist corporatism
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