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The Future of Chinese Capitalism: Choices and ChancesChoices and Chances$
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Gordon Redding and Michael A. Witt

Print publication date: 2010

Print ISBN-13: 9780199575879

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199575879.001.0001

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The Future of Chinese Capitalism

The Future of Chinese Capitalism

(p.210) 14 The Future of Chinese Capitalism
The Future of Chinese Capitalism: Choices and Chances

Gordon Redding

Michael A. Witt

Oxford University Press

This concluding chapter specifically addresses the future evolution of Chinese capitalism by answering the questions about horizontal order sponsoring exchange, the rational pursuit of legitimate purposes, vertical order sponsoring appropriate motivation, and incorporating innovation. The focus of interest is the society's economic life, not its political evolution. It also proposes a set of concrete implications for business, especially from the perspective of entering the Chinese market, sourcing from it, partnering with Chinese firms, and crafting strategic responses to China's status as the workshop of the world. It is clearly suggested that the probability of China's evolving a business system that resembles that of the United States is low, and that of developing a business system similar to those of Germany and Japan, virtually nil. The important implications for business in and with China are shown as well. In addition, the implications for academic research on China and on understanding economies and businesses in general are explained.

Keywords:   Chinese capitalism, economy, business system, United States, Germany, Japan

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