Focusing on the evolving relations between the state and market in the post-Mao reform era, Yongnian Zheng and Yanjie Huang present a theory of Chinese capitalism by identifying and analyzing three layers of the market system in the contemporary Chinese economy. These are, namely, a free market...

Introduction -- Market, state and capitalism: theories of political economy and China -- Market in state: a theory of Chinese political economy -- The state and market in imperial China -- Origins of the modern Chinese political economy: geopolitics, mobilization, and state building --...