Skip to content
Register Sign in Wishlist

Market in State
The Political Economy of Domination in China

$32.00 ( ) USD

  • Date Published: August 2018
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9781108660365

$ 32.00 USD ( )
Adobe eBook Reader

You will be taken to for this purchase
Buy eBook Add to wishlist

Other available formats:
Paperback, Hardback

Looking for an examination copy?

This title is not currently available for examination. However, if you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • Focusing on the evolving relations between the state and market in the post-Mao reform era, Yongnian Zheng and Yanjie Huang present a theory of Chinese capitalism by identifying and analyzing three layers of the market system in the contemporary Chinese economy. These are, namely, a free market economy at the bottom, state capitalism at the top, and a middle ground in between. By examining Chinese economic practices against the dominant schools of Western political economy and classical Chinese economic thoughts, the authors set out the analytical framework of 'market in state' to conceptualize the market not as an autonomous self-regulating order but part and parcel of a state-centered order. Zheng and Huang show how state (political) principles are dominant over market (economic) principles in China's economy. As the Chinese economy continues to grow and globalize, its internal balance will likely have a large impact upon economies across the world.

    • Synthesizes literature in Chinese history to offer a clear and concise conceptual framework of the Chinese economic model
    • Presents a new view of Chinese political economy based on comparative theoretical discussions and China's unique historical experience
    • Includes chapters on historical sociology of Chinese political economy since pre-imperial days
    Read more

    Reviews & endorsements

    'Yongnian Zheng and Yanjie Huang have produced a brilliant and unique study of the state and market in China, based on a profound knowledge of the history and modern evolution of China’s economic and political institutions. Their balanced and objective study provides a thoroughly distinctive analysis of the Chinese state and its relationship to the economic system. It should be mandatory reading for anyone with a serious interest in understanding China today and its development trajectory.' Peter Nolan, Director, China Centre, Jesus College, University of Cambridge

    'This study carefully explores the efforts of a centralized state to develop markets that, in modern times, adapted to a variety of free market mechanisms. The analysis of China’s ventures into all levels of a global economy leads the authors to new theoretical insights into the market’s impact on state development. It also shows how and why Chinese experiments have made an impact on our understanding of political economy. All students of contemporary China will find the study original and enlightening.' Wang Gungwu, National University of Singapore

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: August 2018
    • format: Adobe eBook Reader
    • isbn: 9781108660365
    • contains: 12 b/w illus. 2 tables
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Part I. Theory:
    1. Market, state and capitalism: theories of political economy and China
    2. Market in state: a theory of Chinese political economy
    Part II. History:
    3. The state and market in imperial China
    4. Origins of the modern Chinese political economy: geopolitics, mobilization, and state building
    Part III. Contemporary Institutions:
    5. Grassroots capitalism and marketization: dynamics of market reform in the contemporary era
    6. The middle-ground: the nexus between the state and private enterprises
    7. The money regimes: fiscal and monetary reforms and their limits
    8. State capitalism: the centrally-managed SOEs and economic domination

  • Authors

    Yongnian Zheng, National University of Singapore
    Yongnian Zheng is Professor and Director of the East Asian Institute at the National University of Singapore. He is the author of The Chinese Communist Party as Organizational Emperor (2010), Technological Empowerment (2007), Globalization and State Transformation in China (Cambridge, 2004) and Discovering Chinese Nationalism in China (Cambridge, 1999).

    Yanjie Huang, Columbia University, New York
    Yanjie Huang conducts his doctoral research on modern Chinese history at Columbia University, New York. He has published papers and book chapters on China's state sector, food security, and monetary history.

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.