Staatskapitalismus goes global

Abstract

The Chinese economy has developed rapidly during the past 30 years and a market-oriented state capitalism has emerged. The policies of the Chinese party-state have led to concentrating effects both in – and outside of China: Huge state-owned enterprises and conglomerates have emerged at the expense of smaller ones. With the support of state institutions, the remaining SOEs increasingly involve in overseas activities. Chinese outward foreign direct investment has grown considerably since the year 2000. This paper depicts China’s capitalist development and illustrates underlying motives and effects of the “Go Global Strategy”.