The Historical Analysis of China’s State Capital

Author: Wu Taichang, Wu Li et. al.

Translated by Song Ying, Chen Juebin, Li Zhaohui

ISBN: 978-1-84464-666-1

Ebook ISBN: 978-1-84464-667-8

Hardback - 612 pages

July 2021

English

£95 €118 $152

Description:

This book aims to study the evolution of China's state capital. It began with the intervention of China's feudal countries in the economic field and the direct management of industry and Commerce (this part can be regarded as the pre history of state capital), and ran through the whole modern and state-owned enterprises of the PRC. Generally, this title investigates the changes and characteristics of China's state capital in the past two thousand years according to the historical order, and probes into China's national conditions and the status, role and evolution trend of state capital. The Chinese version of this book was published in 2012 and has had a great impact in the academic world. Many scholars hope to translate it into English for publication because it involves the history of China's state capital. The English version will help international academia understand the research results of Chinese scholars on this subject.

The book is the first monograph to sort out China's capital from a long historical perspective at home and abroad. The time span is from the former capital form in the period of ancient agricultural civilization to the evolution history of state-owned economy since the reform and opening up. It not only spans a long period of time, but also spans and analyzes the different nature and role of state capital in different socio-economic forms and different political regimes. At the same time, it is also an active use of Marxist historical materialism to analyze the source and historical status of China's national conditions and socialism with Chinese characteristics from the perspective of state-owned economy. It is a very important research achievement in this field in recent years, which not only has important academic significance, but also has certain practical reference value

Author’s biography in brief:

Wu Taichang, a researcher in the Institute of economics, Chinese Academy of Social Sciences, and former director of the Institute of economics. He is mainly engaged in the study of Chinese economic history. His main representative works are A Brief Discussion on the Influence of China's Feudal Social and Economic Structure on the Development of Capitalism, The Development of Rear Transportation Industry during the Anti Japanese War and the Monopoly of KMT State Capital, etc; Modern Business History of China (1999 edition of China Financial Publishing House), Modern Economic History of China (1927-1937) (2009 edition of People's Publishing House),

Wu Li, a researcher and deputy director of the Institute of contemporary China Studies, the Chinese Academy of Social Sciences; doctoral supervisor of the Graduate School of the Chinese Academy of Social Sciences. The main research field is the modern economic history of China, and the research focus is the evolution of government economic functions and the issues relating to agriculture, rural areas, and rural people. He has published dozens of papers in Social Sciences in China, Economic Research Journal, etc. The main representative works are: Economic History of the People's Republic of China (Revised Edition) (chief editor), The Communist Party of China and Contemporary China's Economic Development Research (independent book), etc.

Content:

Overview

1. China’s Feudal Social and Economic Structure and National Economic Functions

2. The Development of China’s Feudal Economy and Capitalism

3. Development, Expansion and Collapse of State Capital in Modern China

4. Experience of and Lessons from the Development and Operation of State Capital in the Planned Economy

5. Reform and Development of State Capital since the Reform and Opening-up

6. Status and Function of State Capital

7. Inspirations from History

Part I The Regulation and Direct Management of the Economy in China’s Feudal Society (before 1840)

Chapter 1 Establishment and Operation of the Feudal Landlord Economy

1. The Feudal Lordship Economy

2. The Operation and Structure of the Feudal Landlord Economy

3. Basic Features of China’s Feudal Economy

Chapter 2 The Feudal State’s Management of the Economy

1. The Macroeconomic Regulation and Control in China’s Feudal Society

2. Maintain Market Order and Protect the Interests of Direct Producers and Consumers

3. Formulating a Unified Tax Policy

4. Chinese Feudal Government’s Laws and Regulations on Social Economy

Chapter 3 The Direct Management of the Economy by the Chinese Feudal Society

1. Government-run Handicraft Economy

2. Government Monopoly System and Canal Transportation

3. Government Water Conservancy Construction

4. Government Direct Management of Land

Part II Evolution of State Capital Enterprises in Modern China (1840—1949)

Chapter 4 State-run Enterprises and Government-Supervised and Merchant-Managed Enterprises in the Late Qing Dynasty

1. State-run Enterprises Industry for Military Uses

2. Government and Government-Supervision Machinery Enterprises for Civilian Uses

Chapter 5 State Capital Under the Beiyang Government

1. State Capital Enterprises Under a Weak Government

2. Enterprises with State Capital as Individual Investors

Chapter 6 State Capitalism Under the Kuomintang Government

1. Forceful Acquisition and Share-holding of Private Enterprises

2. New State Capital Enterprises Directly Funded by Government Investment

3. Province-owned Enterprises on the Home Front during the Anti-Japanese War

4. State Capital Enterprise Groups After the Anti-Japanese War

Part III Development of State Capital and State Capital Enterprises (1949—1978)

Chapter 7 Establishment and Development of State-Operated Economy of the People’s Republic of China

1. Establishment of State-Operated Economy

2. Socialist Reform of Capitalist Industry and Commerce

3. State Investment and Additional Capital (1949-1978)

Chapter 8 Formation and Reform of the Operation and Management System of State-Owned Enterprises(SOE)

1. Formation and Development of the Internal Management System of SOEs

2. Relationship Between State-Owned Enterprises and the Government in the Early Years of the People’s Republic of China

3. First Adjustment of Relationship between SOEs and the Government

4. Re-Adjustment of the Relationship between SOEs and the Government

Part IV Changes and Development of State Capital since Reform and Opening-up (1978—2015)

Chapter 9 “Decentralization of Power and Transfer of Profits” and the Marketization of State-Owned Enterprises

1. Review of Background for Reform of SOEs

2. Expanding the Autonomy of State-Owned Enterprises (1978-1992)

3. Full-Scale Promotion of Economic Responsibility System and “Tax for Profits”

4. Full-Scale Implementation of Contract Management Responsibility System

Chapter 10 Ownership Reform and System Re-Construction in State-Owned Enterprises

1. Ownership System Reform in SOEs

2. Promotion and Achievements of the Modern Enterprise System

3. Further Deepening of the SOE Reform

Chapter 11 Strategic Restructuring of State-Owned Enterprises and the Increased Control Power of State Capital

1. Historical Background for the Strategic Restructuring of the State-Owned Economy

2. “Strengthening Control on the Big SOEs and Giving More Autonomy to the Small Ones” and the Corporatization of Large and Medium-sized SOEs

3. Strategic Industrial Restructuring in the National Economy

Author:

Wu Taichang, a researcher in the Institute of economics, Chinese Academy of Social Sciences, and former director of the Institute of economics. He is mainly engaged in the study of Chinese economic history. His main representative works are A Brief Discussion on the Influence of China's Feudal Social and Economic Structure on the Development of Capitalism, The Development of Rear Transportation Industry during the Anti Japanese War and the Monopoly of KMT State Capital, etc; Modern Business History of China (1999 edition of China Financial Publishing House), Modern Economic History of China (1927-1937) (2009 edition of People's Publishing House),

Wu Li, a researcher and deputy director of the Institute of contemporary China Studies, the Chinese Academy of Social Sciences; doctoral supervisor of the Graduate School of the Chinese Academy of Social Sciences. The main research field is the modern economic history of China, and the research focus is the evolution of government economic functions and the issues relating to agriculture, rural areas, and rural people. He has published dozens of papers in Social Sciences in China, Economic Research Journal, etc. The main representative works are: Economic History of the People's Republic of China (Revised Edition) (chief editor), The Communist Party of China and Contemporary China's Economic Development Research (independent book), etc.