chapter  2
24 Pages

Organized for catching-up: The emergence of China’s centralized industrial order

This chapter analyzes the emergence and institutional composition of China’s centralized industrial order between the late 1950s and late 1980s. Conventional ‘transition’ narratives tend to depict this period, especially the initial two decades, as the ‘dark age’ of China’s industrial governance, ineffi cient and anarchic. As this chapter suggests, however, there had been profound institutional development during this period which led to the emergence of a distinct centralized industrial order in China. The starting point of this chapter is that the organizational arrangements and functions of Chinese Communist Party (CCP) should be placed at the centre of analysis. The key components of ‘China Inc.’, as introduced in the previous chapter, were all built and consolidated by the Party during this period.