The New China Playbook: Beyond Socialism and Capitalism

About This Book

Economist Keyu Jin, who bridges Chinese and Western perspectives as a Beijing-born, Harvard-educated professor at the London School of Economics, offers an insider's guide to understanding China's economic transformation. Rather than fitting China into Western categories of socialism or capitalism, Jin reveals how China has created something entirely new—a dynamic system that combines state guidance with entrepreneurial energy, central planning with market forces, and collective goals with individual ambition. The book dismantles common misconceptions about China's economy, showing how what appears contradictory to Western eyes actually represents a coherent approach to development. Jin explores how China shifted from a state-dominated system to one where private entrepreneurs and global integration drive growth, while maintaining unique characteristics that reflect Chinese culture and history. This isn't just an economic analysis—it's a cultural translation that helps Western readers understand how China thinks about business, innovation, and the relationship between state and market.

Key Insights

• China's economy transcends traditional socialism vs. capitalism categories

• State guidance and market forces work together rather than in opposition

• Entrepreneurship flourishes within a framework of collective goals

• Cultural factors shape economic institutions and business practices

• China's model offers lessons for understanding alternative development paths

• Economic paradoxes reflect coherent logic when viewed from Chinese perspective

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