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Dancing with the Devil – The Political Economy of Privatization in China - Oxford Scholarship Online
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Dancing with the Devil: The Political Economy of Privatization in China

Yi-min Lin


From 1978 through the turn of the century China was transformed from a state-owned economy into a predominantly private economy. This fundamental change took place under the Chinese Communist Party (CCP), which is ideologically mandated and politically predisposed to suppress private ownership. Dancing with the Devil explains how and why such an ironic and puzzling reality came about. The central thesis is that private ownership became a necessary evil for the CCP because the public sector was increasingly unable to address two essential concerns for regime survival: employment and revenue. Fo ... More

Keywords: privatization, employment, revenue, political actor, opportunism, public enterprise, institutional change

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780190682828
Published to Oxford Scholarship Online: June 2017 DOI:10.1093/acprof:oso/9780190682828.001.0001


Affiliations are at time of print publication.

Yi-min Lin, author
Professor of Political Science, Hong Kong University of Science and Technology