Jump to ContentJump to Main Navigation
China's Banking TransformationThe Untold Story$
Users without a subscription are not able to see the full content.

James Stent

Print publication date: 2017

Print ISBN-13: 9780190497033

Published to Oxford Scholarship Online: December 2016

DOI: 10.1093/acprof:oso/9780190497033.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 July 2021

Leninism and Pragmatism of China’s Communist Party

Leninism and Pragmatism of China’s Communist Party

Chapter:
3 Leninism and Pragmatism of China’s Communist Party
Source:
China's Banking Transformation
Author(s):

James Stent

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190497033.003.0003

China’s Communist Party fits within an Asian governance model, in which government dominance over society is more powerful than it is in Anglo-American political models. Party is a foreign import, grafted onto traditional indigenous Chinese governance concepts. The Party exercises power over banks through setting national economic and financial policy, appointing all bank senior management and disciplining Party members in banks. The Party values pragmatism, stability, and strategy, which includes prioritization, pilot experiments, and avoidance of “big bangs.” These core values the Party imparts to the banks. These values result in bold reform policies but cautious implementation and risk aversion. Missing in the political makeup of China is “institutionalized trust” and effective rule of law.

Keywords:   China’s Communist Party, Asian governance model, pragmatism, stability, strategy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .