[EN] CA – One or Two Chinese Models? – Nov 2011

Summary

– ONE OR TWO CHINESE MODELS? –

1. Chongqing and Guangdong: Two Conflicting Models (Yang Chan)

2. The Implications of the Chongqing Model for the Reform of China’s Legal System (Jean-Pierre Cabestan)

3. The View from Hong Kong: Bo Xilai’s Opportunism is Not Paying Off (Jérôme Doyon)

4. Chongqing: A Model for a New Economic and Social Policy? (Romain Lafarguette)

 

Introduction

The pact that China has made with globalization, trading huge external dependence for miraculous export growth, may be unravelling. The crisis in the West is hurting exports, and inflation and bubbles at home are creating unrest in the vital coastal regions. With the upcoming crucial contest for Chinese leadership in 2012, Beijing is involved in a vital debate about the value of two competing models of development that will influence who leads the country and what direction it will take in the future. The Chongqing experiment is based around a metropolis in Central China, which has—under the leadership of Bo Xilai—used massive state subsidies to woo flagship foreign firms like Apple, launched a giant social-housing program and fought the mafia. The rival Guangdong model from Canton is  based instead upon moving up the technological value chain, reinforcing the rule of law and representation of the people by NGOs.

The latest edition of China Analysis explores this debate over China’s future development, and the role the debate plays in the contest for leadership in Beijing.

  • The Chongqing model is an investment in the next wave of export-led growth by the mobilization of inland Chinese assets. But a slowdown in international demand could make this investment a risky proposition.
  • The Guangdong model involves a realignment of the Chinese economy away from export-driven GDP growth that is less capable of providing internal consumer demand or social welfare. Both are viewed as big issues that need resolving as the Chinese economy matures.
  • Both models have high level proponents, in anticipation of the replacement of seven of the nine Politburo Standing Committee members (the top table of Chinese politics). This debate has consequently become as critical as the debate over internationalization of China’s currency.
  • If the international economic slowdown harms exports, debate could become acrimonious, involving job displacement, lost subsidies, and China’s future development.

“As the world watches how China’s economy will react to the double dip in the advanced Western economies, the debate won’t just be an economic one. Rather, it will involve power politics and how to best preserve the legitimacy of the Chinese Communist Party in a strong headwind.” François Godement

François Godement

[EN] China_Analysis_Nov2011



Citer ce billet
sulmipark (2011, 19 décembre). [EN] CA – One or Two Chinese Models? – Nov 2011. Les carnets d’Asia Centre. Consulté le 24 février 2024, à l’adresse https://doi.org/10.58079/mj4q

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