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Chinese Economic StatecraftCommercial Actors, Grand Strategy, and State Control$
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William J. Norris

Print publication date: 2016

Print ISBN-13: 9780801454493

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801454493.001.0001

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Concluding Implications

Concluding Implications

(p.222) Concluding Implications
Chinese Economic Statecraft

William J. Norris

Cornell University Press

This book concludes by offering a few observations about economic statecraft in general and Chinese economic statecraft in particular. First, state control is an essential and often overlooked prerequisite of economic statecraft. Second, state unity is the most important of the five factors that determine when state control is more or less likely, whereas the balance of relative resources seemed to be the least significant. Another observation involves the so-called “king-making” capabilities of the state. By backing only those commercial actors that carry favor or prove amenable to advancing government agendas, the Chinese state is able to at least partially compensate for the problematic principal-agent challenges stemming from a fragmented market structure. The book also discusses the policy implications of its findings for China, particularly with regards to its political economy and its rise on the international stage, and the world.

Keywords:   Chinese economic statecraft, state control, state unity, commercial actors, China, market structure, political economy

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