State-Market Interactions in China's Reform Era by Junmin Wang - 9781138382916

State-Market Interactions in China's Reform EraLocal State Competition and Global Market Building in the Tobacco Industry\nAuthor(s): Junmin Wang\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138382916, 978-1138382916\nSynopsis\nChina today has the largest communist political regime and one of the most dynamic, fastest-growing, and largest economies in the world. Using a case study of Chinas tobacco industry, this book analyses how the Chinese government was able to cultivate big state-owned firms that have successfully embraced the global market. \n\nThe success of the Chinese economy and the many state-owned firms within it have given rise to a \""Beijing Consensus,\"" challenging almost every principle enshrined in the so-called \""Washington Consensus\"" that espouses private ownership, free markets, and democracy. By examining two important political processes in contemporary China, local state competition and global-market.