This book examines the law reforms of contemporary China in light of the Party-state’s ideological transformation and the political economy that shapes these reforms. This involves analysing three interrelated domains: law reform, power and wealth. The contributors to this volume employ a variety of perspectives and analytical techniques in their discussion of key themes including: commercial law reform and its governance of wealth and regulation of economic activity; the influence and authority of the Party-state over China’s economic activity; and the influence of wealth and the wealthy in economic governance and legal reform.
Utilizing an interdisciplinary approach, this book presents analytical perspectives of new work, or new lines of thinking about the new wealth, power and law reforms of China. As such, critical boundaries are explored between legal and financial reforms and what these reforms signify about deeper ideological, economic, social and cultural transformations in China. The book concludes by asking whether there is a ‘China model’ of development which will produce a unique variety of capitalism and indigenous variant of rule of law, and examining the ‘winners and losers’ in the transition from a centrally planned economy to a market economy.
Law, Wealth and Power in China will be of interest to students and academics of comparative law, Asian law, Chinese economics and politics, Chinese Studies, as well as professionals in investment banking, finance and government.
Introduction: Law reform in the People’s Republic: China’s quiet revolution? John Garrick PART I Power and law reform in the People’s Republic of China 1. Market reform: reflections on China’s economic system Jonathan Anderson 2. In Search of Wealth and Power Yingjie Guo 3. Politics, society and the legal system in contemporary China William J. Hurst 4. Power narratives and lessons f rom the Chinese Cultural Revolution Andrew Chan PART II The commercial law reforms 5. China’s civil and commercial law reforms Jianfu Chen 6. The regulation of foreign investment in China Hui Huang 7. China’s ‘dual-track’ legislation on business organizations and the effects of antimonopoly law Xianchu Zhang 8. China’s labour laws in transition Kay-Wah Chan 9. Secured financing in China Su Lin Han PART III Wealth and law reform: capitalism with Chinese characteristics? 10. Private property, wealth and law reform in China’s urban age Richard Hu 11. Women, enterprises and the state Minglu Chen 12. Wealth and loss in changing economic times: reforms in bankruptcy and consumer protection laws Vivienne Bath and Mary Ip 13. Where are China’s economic and legal reforms taking the People’s Republic: ‘democracy with Chinese characteristics’? Feng Lin PART IV Conclusions, dilemmas and challenges 14. Law, wealth and power in China: Conclusions Randall Peerenboom