Unpacking the Black Box of China's State Capitalism

Du, Ming

Abstract

Much ink has been splashed on the ideological, conceptual, and practical challenges that China’s state capitalism has posed to global trade rules. There is a growing perception that the current international trade rules are neither conceptually coherent nor practically effective in tackling China’s state capitalism. This perception has not only led to the emergence of new trade rules in regional trade agreements, but also culminated in the US-China trade war, only further aggravated by the Covid-19 pandemic. This Article contributes to the debate of what trade rules may be needed to counteract China’s state capitalism by unpacking the black box of China’s state capitalism. Based on an analysis of the nature of China’s state capitalism, this Article provides a preliminary evaluation of current trade rules taken to counteract China’s state capitalism, in particular the new rules in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and explain why they are unlikely to be successful.

Citation

Du, M. (2023). Unpacking the Black Box of China's State Capitalism. German law journal, 24(1), 125-150. https://doi.org/10.1017/glj.2023.2

• Journal Article Type: Article
• Acceptance Date: Jan 18, 2023
• Online Publication Date: Mar 22, 2023
• Publication Date: 2023-02
• Deposit Date: Jan 19, 2023
• Publicly Available Date: Mar 23, 2023
• Journal: German Law Journal
• Electronic ISSN: 2071-8322
• Publisher: Cambridge University Press
• Peer Reviewed: Peer Reviewed
• Volume: 24
• Issue: 1
• Pages: 125-150
• DOI: https://doi.org/10.1017/glj.2023.2
• Public URL: https://durham-repository.worktribe.com/output/1181317