China’s Crony Capitalism

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China’s Crony Capitalism

Chinaâ€™s efforts to modernize yielded a kleptocracy characterized by corruption, wealth inequality, and social tensions. Rejecting conventional platitudes about the resilience of Party rule, Minxin Pei gathers unambiguous evidence that beneath Chinaâ€™s facade of ever-expanding prosperity and power lies a Leninist state in an advanced stage of decay.

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