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Residents wearing face masks walk by tree shadow cast on a Communist Party's logo near a residential area in Beijing, Thursday, March 2, 2023. Chinese leader Xi Jinping's agenda for the annual meeting of the ceremonial legislature: Revive the economy by encouraging consumers to spend more now that severe anti-virus controls have ended, and install a government of loyalists to intensify Communist Party control over the economy and society. (AP Photo/Andy Wong)

AP Photo/Andy Wong

Magazine Article - Foreign Affairs

The New China Shock: How Beijing’s Party-State Capitalism is Changing the Global Economy

| Dec. 08, 2022

In the wake of the global financial crisis of 2008, China began to move away from the market-based approach that had shaped its economic policies for three decades, and toward something that might be termed "party-state capitalism," which involves a high degree of CC control over strategic sectors of the economy. This has led to significant changes in the U.S.-Chinese economic relationship, as both sides have made efforts to secure supply chains, screen inward and outward capital flows, diminish the power of global firms, and reorganize alliances to protect against economic coercion.

Map of scheduled airline traffic around the world, circa June 2009.

Wikimedia Commons

Journal Article - Quarterly Journal: International Security

China's Party-State Capitalism and International Backlash: From Interdependence to Insecurity

| Fall 2022

Economic interdependence has long been considered important to international peace. Questions about harmful effects of the free flow of capital, however, are arising. China and Organization for Economic Co-operation and Development countries are increasingly involving their business firms in security and intelligence work, causing a security dilemma dynamic that increases economic competition.

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- Belfer Center for Science and International Affairs, Harvard Kennedy School

International Council Event Explores “The U.S.-China Rivalry in Five Dimensions”

The International Council is a prestigious group of senior business leaders and former government officials who care deeply about—and financially support—the Belfer Center’s mission to advance research, ideas, and leadership for a more secure, peaceful world. As part of a Center-wide effort to strengthen our community’s diversity, the Council has increased the number of female members four-fold in recent years.