The Export Sector Is Connected to the Central Bank of China

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China has a division of thes stat sectors among the elit. Largely theyare financed by long created by the state banks. And antina has marketized a lot of sectors, but it's a financial sectr that the sispe jealous guarding the state control of the financial sector.

Part one of a two-part interview with sociologist Ho-fung Hung on Chinese political economic history from the 18th century to 2008: why capitalism took off in England and then elsewhere but not in China; and then, how Maoist policy laid the groundwork for China’s ultimate capitalist takeoff and boom. Episode two will focus on the 2008 financial crisis, the deepening imbalances and heightened geopolitical conflict that resulted, and the current situation—including the impact of the crises surrounding Russia’s invasion. Support The Dig at Patreon.com/TheDig