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The Price of China's Economic DevelopmentPower, Capital, and the Poverty of Rights$
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Zhaohui Hong

Print publication date: 2015

Print ISBN-13: 9780813161150

Published to Kentucky Scholarship Online: January 2016

DOI: 10.5810/kentucky/9780813161150.001.0001

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PRINTED FROM KENTUCKY SCHOLARSHIP ONLINE (www.kentucky.universitypressscholarship.com). (c) Copyright The University Press of Kentucky, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in KSO for personal use.date: 17 May 2021



The Marriage between Power and Money

(p.25) 1 Economy
The Price of China's Economic Development

Zhaohui Hong

University Press of Kentucky

Applying a historical perspective, chapter 1 discusses the historical development of China’s power-capital economy and power-capital groups in the 1980s and 1990s. It addresses the unique patterns of the power-capital economy, as distinguished from a market economy or a planned economy. This chapter also provides a “triangular interpretation” in analyzing and understanding the distinctive Chinese power-capital economy, which has given rise to both the power-capital institution and the poverty of rights.

Keywords:   power-capital economy, dual price system, power-capital group, market economy, planned economy

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