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State, Capital, and Space in China in an Age of Volatile Globalization

Author

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  • George C S Lin

    (Department of Geography and Geology, The University of Hong Kong, Pokfulam Road, Hong Kong)

Abstract

The interrelationship between state, capital, and space is central both to the debate on globalization and to various interpretations of the changing nature of the Chinese political economy. This study of China's economic performance against the recent Asian financial turmoil suggests that the Chinese central state has played a crucial role in the growth and restructuring of the national economy. The immediate impact of the financial crisis on China has been limited although the long-term effects remain uncertain. China has so far narrowly escaped the crisis primarily because of a state-led capital injection in mid-1998 to stop economic downturn, an austerity program that led the overheated economy to ‘soft-land’ prior to the crisis, and stringent state control of capital flow into and out of the country. Contrary to the ‘end of the nation-state’ claim made by many globalization prophets, the Chinese socialist state has remained an active agent interacting with global market forces. The interplay between the socialist state and transnational capital has been a place-specific phenomenon despite the pervasive assertion of ‘the end of geography’. A dialectical approach is needed for analyzing the triangular nexus of interaction between the central state, local state, and global market forces in China in the current age of volatile globalization.

Suggested Citation

  • George C S Lin, 2000. "State, Capital, and Space in China in an Age of Volatile Globalization," Environment and Planning A, , vol. 32(3), pages 455-471, March.
    • Handle: RePEc:sae:envira:v:32:y:2000:i:3:p:455-471
    DOI: 10.1068/a3264
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    References listed on IDEAS

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    1. George Soros, 1999. "The International Financial Crisis," Challenge, Taylor & Francis Journals, vol. 42(2), pages 58-76, March.
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    Cited by:

    1. Chris Dixon, 2003. "Developmental lessons of the Vietnamese transitional economy," Progress in Development Studies, , vol. 3(4), pages 287-306, October.
    2. Pengjun Zhao, 2013. "The Impact of Urban Sprawl on Social Segregation in Beijing and a Limited Role for Spatial Planning," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 104(5), pages 571-587, December.
    3. Alan Smart & Josephine Smart, 2001. "Local Citizenship: Welfare Reform Urban/Rural Status, and Exclusion in China," Environment and Planning A, , vol. 33(10), pages 1853-1869, October.
    4. Fulong Wu, 2001. "Housing Provision under Globalisation: A Case Study of Shanghai," Environment and Planning A, , vol. 33(10), pages 1741-1764, October.
    5. Clifton W Pannell, 2002. "China's Continuing Urban Transition," Environment and Planning A, , vol. 34(9), pages 1571-1589, September.
    6. Chris Dixon & Andrea Kilgour, 2002. "State, Capital, and Resistance to Globalisation in the Vietnamese Transitional Economy," Environment and Planning A, , vol. 34(4), pages 599-618, April.
    7. Enru Wang & Jinping Song, 2008. "The Political Economy of Retail Change in Chinese Cities," Environment and Planning C, , vol. 26(6), pages 1197-1226, December.
    8. George C S Lin & Y H Dennis Wei, 2002. "China's Restless Urban Landscapes 1: New Challenges for Theoretical Reconstruction," Environment and Planning A, , vol. 34(9), pages 1535-1544, September.
    9. Laurence J C Ma, 2002. "Urban Transformation in China, 1949 – 2000: A Review and Research Agenda," Environment and Planning A, , vol. 34(9), pages 1545-1569, September.
    10. George C. S. Lin, 2001. "Metropolitan Development in a Transitional Socialist Economy: Spatial Restructuring in the Pearl River Delta, China," Urban Studies, Urban Studies Journal Limited, vol. 38(3), pages 383-406, March.

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