China’s Rise: A ‘socialist’ economy in a capitalist world

Abstract
Thirty-five years since the commencement of ‘economic reforms and opening up’, China’s official perception of ‘Socialism with Chinese characteristics’ differs markedly from alternative views regarding the nature of its emerging capitalist system. This glaring gap in perceptions is problematic in an increasingly globalised world, complicating debates about what China should and will do to rebalance its domestic economy and how other nations should and will react to the recent surge in Chinese overseas direct investment. On-going efforts to understand the multifaceted and ever-evolving nature of China’s economic system will help to smooth the way for the country’s inevitable rise to becoming the largest economy in a largely capitalist world

Jane Golley is an economist focused on a range of Chinese transition and development issues. She completed her Bachelor of Economics at The Australian National University (ANU) in 1993, with a major in Japanese.  She began her career in the Asia Section of the Australian Commonwealth Treasury before undertaking her Mphil and Dphil in Economics at the University of Oxford, writing a thesis on ‘The Dynamics of Chinese Regional Development’. After eight years of studying and teaching in Oxford, she returned to the ANU’s School of Economics and subsequently to the Crawford School of Economics and Government, where she developed a graduate course on ‘China in the World’. In 2011 she became an Associate Director of the new Australian Centre on China in the World at the ANU.

This lecture is arranged by Asia Research Centre. Please sign up at arc.int@cbs.dk