Search Results
Research
The State's Response to the Crisis of Neoliberalism: A Comparison of the Net Social Wage in China and the United States, 1992-2017
Working Paper, Journal Article, April 2022 |
Katherine Moos, Hao Qi
Research
The State-Constituted Market Economy: A Conceptual Framework for China’s State–Market Relations
Working Paper, December 2021 |
Isabella Weber, Hao Qi
Although contemporary China has developed a distinct economic system, the analytic foundations underpinning China’s state–market relations remain unclear. PERI researcher Isabella Weber and Hao Qi develop in this paper a conceptual framework of what they term China’s state-constituted market economy. They argue that the Chinese state ‘constitutes’ the market economy by creating, participating, and steering markets for essentials in order to stabilize and guide the economy as a whole. Then then draw on China’s statecraft tradition as well as on proposals for financial policy reform in the U.S. to conceptualize the state-market constitution in China.
Research
Regulated Market, Trapped Workers: The Impacts of the "Tolerant and Prudent" Policy on Labour Precarity in China’s Online Ridehailing Sector
Working Paper, November 2021 |
Wei Zhang, Hao Qi, Zhongjin Li
Since 2017, China has adopted the "tolerant and prudent" policy in regulating emerging digital platform industries. Wei Zhang, Hao Qi and Zhongjin Li conduct an analysis for the cities of Nanjing and Beijing that finds that although these regulations can help reduce labor precarity in the marketplace for licensed drivers, they have exacerbated precarity in the workplace. This is because the ridehailing platforms aligned with third-party rental companies that provide licensed vehicles. This has forced drivers bounded by a rental or rent-to-own agreement to work significantly longer hours than counterparts who drive their own vehicles.
Commentary
China Is not the Enemy - Neoliberalism Is
Jacobin
Commentary, June 2020 |
Isabella Weber, Hao Qi, Zhongjin Li
>> Read article in Jacobin
PERI's Isabella Weber, Zhongjin Li and Hao Qi propose that the enemy in this pandemic is not China but, instead, inequality and the logic of profit over people.
Research
The Impact of State-Owned Enterprises on China's Economic Growth
Journal Article, April 2020 |
Hao Qi, David Kotz
Research
State and Capitalist Class in China's Economic Transition: From Great Compromise to Strained Alliance
Working Paper, September 2018 |
Isabela Nogueira, Hao Qi
Research
Giovanni Arrighi in Beijing: Rethinking the Transformation of the Labor Supply in Rural China During the Reform Era
Working Paper, February 2018 |
Hao Qi, Zhongjin Li
In “Giovanni Arrighi in Beijing: Rethinking the Transformation of the Labor Supply in Rural China During the Reform Era,” Hao Qu and Zhongjin Li use a Marxian political economy perspective to analyze the formation of the reserve army of labor in China during the reform era, which began in 1978. Building from the work of Arrighi, and critiquing the highly influential Lewis model, Qu and Li show how the formation of an industrial reserve army in China has been an historical process in which the state has played an active role.
Research
Dynamics of the Rate of Surplus Value and the "New Normal" of the Chinese Economy
Working Paper, June 2017 |
Hao Qi
This paper by Hao Qi creates a time series of the rate of surplus value for the Chinese economy over the extended period 1956-2014, using a Marxian approach. It finds that the high profitability that stimulated capital accumulation in the decade before the 2008 crisis had relied on the continuous growth in the rate of surplus value. But after the crisis, the conditions supporting a high rate of surplus value—an expanding external market, a relatively large reserve army of labor, and a low debt-income ratio—have weakened. This has led to a "new normal" pattern of declining profitability in China.
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