2min chapter

Pekingology cover image

Special Deals with Chinese Characteristics

Pekingology

CHAPTER

What's the Dominant Narrative in Washington?

The dominant view among my colleagues at the universi of chicago was that what, it's obviously about market reform. Most of that was basically went away by the early 19 nineties. Another dominant story, which has become even more dominant now, is all about state capital. It's all about this central planning state on firms, chinese industrial policy. When when we looked at the facts on the ground, that also made no sense to us. We were trying to just come up with a, with an intellectual framework on how to make sense of that.

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