Description
Market in State: The Political Economy of Domination in China provides a comprehensive analysis of how China’s government strategically employs market mechanisms as tools of political control and economic governance. Rather than viewing markets and states as opposing forces, the authors argue that the Chinese state has deliberately integrated market systems to strengthen its dominance.
The work explores the paradox of China’s economic liberalization alongside centralized political authority. It examines how state-owned enterprises, financial systems, and market regulations function as instruments of state power. The book demonstrates that China’s distinctive model combines capitalist market practices with Communist Party control, creating a unique political-economic system.
Through detailed case studies and theoretical analysis, Zheng and Huang illustrate how the state maintains control over key economic sectors while permitting market competition in secondary areas. This framework helps explain China’s sustained economic growth and political stability during decades of market reform.
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