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Does the Structural Power of Business Matter in State Capitalism?: Evidence from China's Oil Politics under Xi Jinping
Author(s) -
Wang Xiaoguang
Publication year - 2019
Publication title -
pacific focus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.172
H-Index - 12
eISSN - 1976-5118
pISSN - 1225-4657
DOI - 10.1111/pafo.12145
Subject(s) - dominance (genetics) , capitalism , politics , china , state capitalism , power (physics) , state (computer science) , economic system , mechanism (biology) , economic power , market economy , economics , political economy , business , political science , physics , algorithm , quantum mechanics , computer science , law , biochemistry , chemistry , philosophy , epistemology , gene
Based on the background of Chinese oil politics under Xi Jinping, this article studies the “structural power of business” to test the concept within the economic system of state capitalism. Many elements of structural power discourse are valid, such as the political influence of business, the role of information‐expertise, the role of business competitiveness and fluidity, and the effect of external factors. However, the dominance and mechanism of the structural power of Chinese national oil companies presents differently because of the unique state‐business relations in the Chinese oil sector.