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China's stunning growth rates have corresponded with the rise of state capitalism. Since the mid2000s, China's political economy has stabilized around a model where most sectors are marketized and increasingly integrated with the global economy; yet strategic industries remain firmly in the grasp of an elite empire of stateowned enterprises. What are the implications of state capitalism for industrial competitiveness, corporate governance, governmentbusiness relations, and domestic welfare? How does China's model of state capitalism compare with other examples of statedirected development in late industrializing countries? As China enters a phase of more modest growth, it is especially timely to understand how its institutions have adapted to new challenges and partystate priorities. In this volume, leading scholars of China's economy, politics, history, and society explore these compelling issues.
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