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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



From “Red Capitalists” to Intellectual Elites

(p.39) 2 Entrepreneurs
The Price of China's Economic Development

Zhaohui Hong

University Press of Kentucky

Based on information concerning the top one hundred wealthy Chinese identified by Forbes as well as a close look at some other private businessmen, chapter 2 maps the historical evolution of the power-capital entrepreneurs, who emerged in 1985 and established their dominance by 2002. The chapter defines the components of the power-capital entrepreneurs and examines the historical causes of their primitive capital accumulation during the 1980s and 1990s. Finally, this chapter discusses the power-capital entrepreneurs’ political transformation and image improvement during a critical stage of Chinese modernization.

Keywords:   power-capital entrepreneurs, private businessmen, primitive capital accumulation, privatization

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