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State Capitalism:The Western Image of the “China Model”

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DOI: 10.23977/icpem.2019.043

Author(s)

Yongping Yang

Corresponding Author

Yongping Yang

ABSTRACT

The “China model” which has created the “Chinese miracle” of long-term rapid economic development has been fabricated as the development model of state capitalism by the Western strategic community. The paper intends to explore how and why the “China Model” has been regarded as state capitalism in the West, which as a theoretical question has been seldom investigated in the academia. By employing the relevant newspapers, periodicals and academic literature, it is concluded that the “China model” is essentially the road to modernization with Chinese socialist characteristics, which is pioneered by the Communist Party of China since the Reform and Opening up. The cognitive differences between China and the West on China’s development model are rooted in the vast differences of their respective ideologies and values, especially their cognitive differences on “democratic politics”. Presently, the largest difference between the “China model” and the “Western Model” lies in their different attitudes and approaches to the relationship between government and market and that between state and society. Therefore, defining the “China model” as state capitalism is only the cognitive product distorted by the manipulation of the Western values and ideology, but it does not conform to the unique practice of the socialist modernization in contemporary China.

KEYWORDS

China model, state capitalism, development, modernization, ideology

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