China's Crony Capitalism with Minxin Pei

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Minxin Pei speaks on...

China's Crony Capitalism
How China's Economy Really Works
... and Why It Matters

Dr. Minxin Pei, Director of the Keck Center for International and Strategic Studies,
Claremont McKenna College

February 2, 2017
5:30 - 6:45 pm
Esri Conference Center
    380 New York St., Redlands, CA 92373

    No cost for attendance

                                                        Minxin Pei

In his new book China’s Crony Capitalism: The Dynamics of Regime Decay, Minxin Pei argues that corruption operates at every level in China and has been the foundation of power since 1989. It’s not an accident but a choice of Chinese political elites.  They understand that private wealth must connect with political power to be secure in modern China’s economic/political system. Officials can generate lucrative profits by turning their public authority into a tool to seek private gain.  Business leaders know that collusion with Chinese officials may lead to the loss of both fortune and freedom if their criminal activities are discovered. But on balance, these risks are worth taking because the near certainty of windfall profits from collusion far outweigh the downside of detection. 

• How does such corruption endanger China's one party government?
• Chinese President Xi Jinping has led a strong anti-corruption program in recent years. Is this effort real?
  Is it working?
• How does corruption matter to Americans doing business in China?