Investment with Chinese Characteristics

  • Mark A. De Weaver


An analysis of investment cycles must begin with the underlying economic system that gives rise to them. In China, the system is essentially socialist. The main players are state-owned enterprises and local governments; the rules of the game are primarily a consequence of public ownership. This chapter focuses on these “Chinese characteristics,” describing the nature and extent of the state’s role in investment.


State Sector China Statistical Yearbook Limited Liability Company Chinese Characteristic Asset Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. 2.
    John Locke, Two Treatises of Government (London: Thomas Tegg, 1823), 118.Google Scholar
  2. 4.
    Karl A. Wittfogel, Oriental Despotism: A Comparative Study of Total Power (New Haven: Yale University Press, 1957).Google Scholar
  3. 5.
    Mark Elvin, The Retreat of the Elephants: An Environmental History of China (New Haven: Yale University Press, 2004), 128.Google Scholar
  4. 9.
    Robert B. Marks, Tigers, Rice, Silk, and Silt: Environment and Economy in Late Imperial South China (Cambridge: Cambridge University Press, 1998), 106.CrossRefGoogle Scholar
  5. 12.
    X. L. Ding, “The Illicit Asset Stripping of Chinese State Firms.” The China Journal 43 (January 2000): 2.Google Scholar
  6. 13.
    Armen Alchian. “Property Rights,”, The New Palgrave: A Dictionary of Economics, ed. John Eatwell, Murray Milgate, and Peter Newman (London: Macmillan Press, 1987), 1032.Google Scholar
  7. 14.
    Yoram Barzel, Economic Analysis of Property Rights (Cambridge: Cambridge University Press, 1997), 132–138.CrossRefGoogle Scholar
  8. 16.
    Robin Dean and Tobias Damm-Luhr, “A Current Review of Chinese LandUse Law and Policy: A ‘Breakthrough’ in Rural Reform?” UCLA Pacific Rim Law and Policy Journal 19, no 1 (2010): 150–151, Scholar
  9. 18.
    He Qinglian, “‘Land Enclosure Movement’ Feeds Chinese Local Governments.” Epoch Times, June 19, 2006,,%20china.htm.Google Scholar
  10. 19.
    Gregory M. Stein, “Acquiring Land Use Rights in Today’s China: A Snapshot from on the Ground.” UCLA Pacific Basin Law Journal 24, no 1 (2006):31, 942813Google Scholar
  11. 20.
    Freedom House, Freedom in the World 2011China, June 17, 2011, Scholar
  12. 22.
    He Qinglian, “The Land-Enclosure Movement of the 1990s.” The Chinese Economy 33, no 3 (2000): 57–88.CrossRefGoogle Scholar
  13. 25.
    National Bureau of Statistics, ZhongguoTongjiNianjian 2011 [China Statistical Yearbook 2011] (Beijing: China Statistics Press, 2011), Table 5–4.Google Scholar
  14. 27.
    Huang Yasheng, Capitalism with Chinese Characteristics: Entrepreneurship and the State (Cambridge: Cambridge University Press, 2008), 16–17.Google Scholar
  15. 29.
    Vladimir I. Lenin, “Five Years of the Russian Revolution and the Prospects of the World Revolution.” Report to the Fourth Congress of the Communist International, November 13, 1922. V. I. Lenin Internet Archive 2002, Scholar
  16. 33.
    Unirule Institute of Economics, “Guoyou Qiye de Xingzhi, Biaoxianyu Gaige” [The Nature, Performance, and Reform of the State-owned Enterprises], 2011: 6, Scholar

Copyright information

© Mark A. DeWeaver 2012

Authors and Affiliations

  • Mark A. De Weaver

There are no affiliations available

Personalised recommendations