By examining the changing political economy in China through detailed studies of the peasantry, workers, middle classes, and the dominant class, this volume reveals the Communist Party of China’s (CCP’s) impact on social change in China between 1978 and 2021. This book explores in depth the CCP’s programme of reform and openness that had a dramatic impact on China’s socio-economic trajectory following the death of Mao Zedong and the end of the Cultural Revolution. It also goes on to chart the acceptance of Market Socialism, highlighting the resulting emergence of a larger middle class, while also appreciating the profound consequences this created for workers and peasants. Additionally, this volume examines the development of the dominant class which remains a defining feature of China’s political economy and the Party-state. Providing an in-depth analysis of class as understood by the CCP in conjunction with sociological interpretations of socio-economic and socio-political change, this study will be of interest to students and scholars of Chinese Politics, Chinese History, Asian Politics, and Asian studies.
"Examining the interaction between the Communist Party of China [CCP] and specific social categories (including peasants, workers, the middle classes and the dominant class), with a focus on class and class discourse, this volume analyses the CCP's impact on social change in China between 1921-1978. By exploring the CCP's evolving discourse of class this book demonstrates that, while class has retained its centrality, its meaning has been re-articulated from an ideological-political tool to a less meaningful signifier, though always used instrumentality. By examining the impact of the CCP's policies and discourse surrounding class, it also reveals how its own policies since 1921 have shaped the CCP's current (2021) perspectives on class and stratification. This volume through an analysis of economic, political, and cultural inequalities in Chinese society even after 1949, also reveals the emergence of a diverse and often overlooked middle class in Chinese society during the 1950s. Delivering a detailed analysis of how the CCP has developed its practical approaches to class and mobilisation, this study will be of interest to students and scholars of Chinese Politics, Chinese History, Asian Politics and Asian studies"--
Examining the interaction between the Communist Party of China (CCP) and specific social categories (including peasants, workers, the middle classes, and the dominant class), with a focus on class and class discourse, this volume analyses the CCP’s impact on social change in China between 1921 and 1978. By exploring the CCP’s evolving discourse of class, this book demonstrates that, while class has retained its centrality, its meaning has been re-articulated from an ideological-political tool to a less meaningful signifier, though always used instrumentality. By examining the impact of the CCP’s policies and discourse surrounding class, it also reveals how its own policies since 1921 have shaped the CCP’s current (2021) perspectives on class and stratification. This volume, through an analysis of economic, political, and cultural inequalities in Chinese society even after 1949, also reveals the emergence of a diverse and often overlooked middle class in Chinese society during the 1950s. Delivering a detailed analysis of how the CCP has developed its practical approaches to class and mobilization, this study will be of interest to students and scholars of Chinese politics, Chinese history, Asian politics, and Asian studies.
"THE BOOK CHINA DOESN'T WANT YOU TO READ."--CNN A riveting insider's story of how the Party and big money work in China today, by a man who, with his wife, Whitney Duan, rose to the zenith of power and wealth--and then fell out of favor. She was disappeared four years ago. News of this book led to a phone call from Whitney, proof that she's alive. As Desmond Shum was growing up impoverished in China, he vowed his life would be different. Through hard work and sheer tenacity he earned an American college degree and returned to his native country to establish himself in business. There, he met his future wife, the highly intelligent and equally ambitious Whitney Duan who was determined to make her mark within China's male-dominated society. Whitney and Desmond formed an effective team and, aided by relationships they formed with top members of China's Communist Party, the so-called red aristocracy, he vaulted into China's billionaire class. Soon they were developing the massive air cargo facility at Beijing International Airport, and they followed that feat with the creation of one of Beijing's premier hotels. They were dazzlingly successful, traveling in private jets, funding multi-million-dollar buildings and endowments, and purchasing expensive homes, vehicles, and art. But in 2017, their fates diverged irrevocably when Desmond, while residing overseas with his son, learned that his now ex-wife Whitney had vanished along with three coworkers. This is both Desmond's story and Whitney's, because she has not been able to tell it herself.
By examining the changing political economy in China through detailed studies of the peasantry, workers, middle classes, and the dominant class, this volume reveals the Communist Party of China [CCP]'s impact on social change in China between 1978-2021. This book explores in depth the CCP's program of reform and openness that had a dramatic impact on China's socio-economic trajectory following the death of Mao Zedong and the end of the Cultural Revolution. It also goes on to chart the acceptance of Market Socialism, highlighting the resulting emergence of a larger middle class, whilst also appreciating the profound consequences this created for workers and peasants. Additionally, this volume examines the development of the dominant class which remains a defining feature of China's political economy and the Party-state. Providing an in-depth analysis of class as understood by the CCP in conjunction with sociological interpretations of socio-economic and socio-political change, this study will be of interest to students and scholars of Chinese Politics, Chinese History, Asian Politics and Asian studies.
"By examining the changing political economy in China through detailed studies of the peasantry, workers, middle classes, and the dominant class, this volume reveals the Communist Party of China [CCP]'s impact on social change in China between 1978-2021. This book explores in depth the CCP's program of reform and openness that had a dramatic impact on China's socio-economic trajectory following the death of Mao Zedong and the end of the Cultural Revolution. It also goes on to chart the acceptance of Market Socialism, highlighting the resulting emergence of a larger middle class, whilst also appreciating the profound consequences this created for workers and peasants. Additionally, this volume examines the development of the dominant class which remains a defining feature of China's political economy and the Party-state. Providing an in-depth analysis of class as understood by the CCP in conjunction with sociological interpretations of socio-economic and socio-political change, this study will be of interest to students and scholars of Chinese Politics, Chinese History, Asian Politics and Asian studies"--
In The Third Revolution, Elizabeth Economy, one of America's leading China scholars, provides an authoritative overview of contemporary China that makes sense of all of the seeming inconsistencies and ambiguities in its policies and actions.
Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
This book explores the dynamics of the "middle-class global rebellion" born of the frustration at declining living standards. Addressing narratives constructed by different social and political agents and groups, it examines contexts of social crisis in Latin America, Europe, Africa, Asia, and Oceania, understanding the middle classes as a set of complex and conflicting political relationships. With attention to the manner in which people create "situated habits", consolidating new expectations and desires through a concrete biography, it analyzes continuities and changes in classed self-perceptions based on performative use. With new perspectives, including historical and intersectional approaches, Middle Class Identities and Social Crisis transcends disciplinary boundaries to explore the hybridity of research methods and techniques and challenge established analytical frameworks. It will therefore appeal to scholars across the social sciences with interests in class and questions of class identity.
China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
