In the light of all the controversy over whether the Chinese economy was about to collapse or suffer such a ‘hard landing’ that it would spill over into causing a new global recession, the recent conference of the International Initiative for Promoting Political Economy (IIPPE) was very apposite.
In this year’s conference in Leeds, England, one of the themes was the nature of China, its economic development and its future. China has been ignored in many heterodox or Marxist political economy academic conferences, so the flourishing of new papers by young scholars with first-hand experience of China is to be welcomed. It was these papers that I concentrated on at the conference and left the usual (and yet endless) number of papers on ‘financialisation’ in post-war capitalist economies that still dominate such conferences.
Is China capitalist? What is the nature of China’s development? Is it going to crash as…
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