17min chapter

New Books in Sociology cover image

Ya-Wen Lei, "The Gilded Cage: Technology, Development, and State Capitalism in China" (Princeton UP, 2023)

New Books in Sociology

CHAPTER

China's Shift Towards a Technology-Oriented Economy

The chapter explores China's transition from an export-focused industrial economy to a technology-centered one, influenced by the authoritarian government, affecting social changes across sectors. It discusses the economic and technological transformations post-2008 financial crisis, analyzing the consequences and benefits of this shift towards technology. The chapter also looks into how China adapted to the financial crisis, injecting funds into various sectors, leading to unintended consequences and questioning the sustainability of the investment-oriented model.

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