Thinking About China
Opinion

Communist China’s Eternal Conundrum

The latest real estate firm in the market crosshairs is the Shenzhen-based developer Vanke.
Communist China’s Eternal Conundrum
A damaged logo of Chinese real estate developer Vanke at a residential housing complex in Zhengzhou, Henan Province, China, on Aug. 30, 2023. AFP via Getty Images
Christopher Balding
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Commentary

China proclaims to the world the virtues of its socialist market economy. It wants the benefits and blessings of a market economy with all the control of rigid, centralized authoritarian communism. Herein lies the eternal conundrum of governance.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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