CCP Inc.: The Reshaping of China's State Capitalist System

What is “CCP Inc.”? At the conclusion of a multiyear project examining China’s state capitalist system, this CSIS report distills key observations about the changing nature of China’s domestic economic management and the international behavior of Chinese companies, state organizations, and financiers. Changing national mechanisms for extending Chinese Communist Party (CCP) authority over the economy and a proliferation of new financial institutions underpin a CCP Inc. ecosystem with a unique internal logic and new adaptability to respond to policy shifts. The strength of this ecosystem allows CCP Inc. to compete internationally as a well-resourced group of coordinated actors. However, recent changes to the operation of CCP Inc.—and the external environment in which it operates—foreshadow major challenges for the ecosystem.

This report was made possible through the generous support of the Smith Richardson Foundation.