March 26, 2019
Since 1978, the end of the Mao era, economic growth in China has outperformed every previous economic expansion in modern history. While the largest Western economies continue to struggle with the effects of the deepest recession since World War II, the People's Republic of China still enjoys growth rates that are massive in comparison. In the country's smog-choked cities, a chaotic climate of buying and selling prevails. Tireless expansion and inventiveness join forces with an attitude of national euphoria in which anything seems possible. No longer merely the “workshop of the world”, China is poised to become a global engine for innovation.
In China's Capitalism, Tobias ten Brink, Professor of Chinese Economy and Society and Director of the China Global Center at Jacobs University, analyzes the main characteristics of China's socioeconomic system over time. He identifies the key dynamics and paradoxes shaping this system's structure, and discusses current trends in further capitalist development. The book, published by University of Pennsylvania Press, is an updated version of a German monograph for which ten Brink received the prestigious “Geisteswissenschaften International – Award for Translation Funding in the Humanities and Social Sciences”, of the German Publishers and Booksellers Association (Börsenverein des deutschen Buchhandels).