Dang Europe and other developed economies in the global financial crisis, economic malaise, the Chinese economy maintained the momentum of rise, scholars have began to debate whether this is proof of China’s unique economic development model is superior to Western capitalism.

U.S. political risk consultancy Eurasia Group founder Ian Bremmer in his new book “The End of the free market” that represented by China’s “state capitalism” is emerging as the biggest threat to the global market economy.

“Market Leninism”

British “Financial Times” recently published commentary, saying the Chinese model of “market Leninism”, and China as the voice of contemporary state capitalism.

Carnegie Endowment for International Peace, said an article on the site, China’s policy direction and the path that the development of state-owned enterprises, state-owned enterprises in particular the rapid expansion of the field and leading the development of China after the 2003 “state capitalism “important feature of the development model.

Economic development and control of power

Bremer said that state capitalism is that the Government played a leading role in the economy, the market system is only as a political purpose, it is the collapse of the planned economy, the authoritarian government to control economic development while maintaining the right to take a ” hybrid “model of development.

He said, “authoritarian state capitalism is essentially a hybrid model adopted by the government, they realize they need to use the power of the market economy to develop, but at the same time want to maintain control, which is why we see a number of different countries state capitalism have emerged, including Saudi Arabia, Venezuela, Russia, and of course the world’s second largest economy – China. ”

Advantages: long-term planning vigorous and resolute

Bremer said that one advantage of state capitalism is that decision-makers in the implementation of policies can be more quickly.

He said, “If the Chinese government hopes to take economic stimulus measures, you need not worry about the internal checks and balance, you can put the money out within a few days to begin large-scale infrastructure projects, which can not be developed and industrialized economies to achieve. ”

East-West Center in Hawaii, China expert Michael Chi Tao (Christopher McNally) that the advantage of China’s development model lies not only in the rapid implementation of the policy, the other main reason is the government’s economic development has a long-term planning.

Mak Chi Tao said, “China’s development model a real advantage is that the Government has a long-term planning, how to implement infrastructure investment, encourage innovation and how to create entire new industries, such as the current green technology, electric vehicle industries, the Chinese model is more The advantage is that it has a better central direction. ”

Bremer pointed out that the implementation of the national capitalist countries are usually occupies the geographical advantages, such as the Gulf States and Russia have rich oil and natural gas resources, these countries control the global capitalist countries a lot of resources. Including oil, including the world’s 14 largest state-owned oil companies under the control of oil, Exxon Mobil, BP Oil, Shell Oil and other eight of the world’s largest private oil companies under the control of oil 20 times.

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