Chinese State Capitalism in the World Order: An International Law and International Relations Perspective

The return to state capitalism, in an arguably capitalist world economy embedded in the ‘liberal world order’ of ours today, is no longer a marginal phenomenon. Joshua Kurlantzick noted that, though the rise of state capitalism is most conspicuous in China, ‘state capitalism is not just about China’: Although China’s SOEs have received the most coverage of any state companies around the world, they are hardly alone. China is just but one example of a new era of state capitalism born over the past decade …… Throughout the developing world, many states are increasing their intervention in their economies. State capitalism today is hardly monolithic; instead, it is better understood as a continuum, just as free market capitalism runs along a continuum from extreme laissez faire economics to a French or Scandinavian model...
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