Under Chinese leader Xi Jinping, China’s political and economic system has undergone a fundamental transformation, further distinguishing China’s unique brand of state capitalism from market economies, and adding additional strain on the rules, regulations, and institutions that underpin the global economic order. Most notably, Beijing has reasserted the Chinese Communist Party’s (CCP) control over the economy through a number of new and creative tools that have no direct comparison in free market economies. The complexity and unfamiliarity of these tools means that many of the core features of China’s economic model—and the CCP’s control over it—remain insufficiently understood by policymakers in the United States, European Union, and in other market-based democratic polities.
The Freeman Chair in China Studies has undertaken a multiyear initiative to explore and map the key features of China's evolving state capitalist system, what we call “CCP Inc.,” in order to better assess its strengths and weaknesses. The project will explore the overall ecosystem of key state-owned and private commercial actors, state-owned financiers, and government regulators to understand how these actors are interconnected through a complex and often opaque web of direct and indirect transactional, financial, strategic, operational, and political relationships. The project makes extensive use of ownership and shareholding information, financial and investment data, Chinese government policies and documents, interviews with industry executives, government officials, and subject-matter experts, as well as cutting-edge academic research to provide the first comprehensive global mapping of CCP-controlled and directed capital and investment.
The project will conclude with recommendations for policy and institutional reforms so that the United States and its market economy allies can effectively respond to the challenges of China’s state capitalist system.
All CCP Inc. Content
Report by Barry Naughton and Briana Boland — January 31, 2023
Report by Samantha Lu, Briana Boland, and Lily McElwee — January 24, 2023
Report by Ethan Cramer-Flood and Briana Boland — December 16, 2022
CCP Inc. in Portugal: China's Investments in Financial Services and the Reach of the Chinese Communist Party in the Private Sector
Report by Andrew Polk — November 15, 2022
Report by Briana Boland, Jude Blanchette, Andrew Polk, and Cory Combs — October 19, 2022
Report by Briana Boland, Lauren Maranto, and Jude Blanchette — June 7, 2022
Event — November 29, 2021
Event — September 16, 2021