State Influence on Markets: A Comparative Analysis

This chapter explores the interplay between the state and markets in the West and China, revealing how each region wields power over economic spheres through different methods. It delves into the political landscapes of both countries, contrasting China's decentralized governance and internal competition with the US's centralized federal government. The conversation also delves into the historical and philosophical influences on China's administrative structure, touching on the perception and potential misinterpretations of China's power dynamics from an outsider's viewpoint.