Xi’s Dilemma; OFDI, financial sector reform and the limitations of socialism with Chinese characteristics

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dc.contributor.advisor Noakes, S en
dc.contributor.author Bunting, Laura en
dc.date.accessioned 2018-06-14T23:47:44Z en
dc.date.issued 2018 en
dc.identifier.uri http://hdl.handle.net/2292/37282 en
dc.description Full text is available to authenticated members of The University of Auckland only. en
dc.description.abstract Xi Jinping is the most powerful man in China, but does he have the ability to lead China through the next stage of economic development to become a sophisticated, ‘innovative’ thriving economy? Although China’s economic ‘miracle’ is the source of much admiration, an examination of financial sector reform reveals both the markets weakness, and the limitations of the government to effectively intervene. Since China opened her borders, the Chinese Communist Party has attempted to steer Outward Foreign Direct Investment (OFDI) through strict regulatory intervention of varying degrees of intensity. This paper will examine the extent to which the Chinese government has been able to effectively drive OFDI in relation to particular policy objectives over time. Adopting a process-tracing approach, it is argued that 4 major factors can be used to consider the efficacy of financial sector reform. These factors address the ability of the government to effectively implement reform, the depth of this impact and considers; the complementarity of reform with private interests; the degree to which reform was centrally-led; the level of commitment to reform; and whether or not the reform places political considerations above economic motivations. These findings have direct relevance for those seeking to secure Chinese investment and for those scholars conserved with the theoretical and practical consequences of developmental path theory and the China ‘Model’. These four factors themselves reveal the key dilemma facing Xi Jinping – how to balance the clashing forces of centralised power and decentralised economy. en
dc.publisher ResearchSpace@Auckland en
dc.relation.ispartof Masters Thesis - University of Auckland en
dc.relation.isreferencedby UoA99265069413702091 en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights Restricted Item. Available to authenticated members of The University of Auckland. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.rights.uri http://creativecommons.org/licenses/by-nc-sa/3.0/nz/ en
dc.title Xi’s Dilemma; OFDI, financial sector reform and the limitations of socialism with Chinese characteristics en
dc.type Thesis en
thesis.degree.discipline Politics and International Relations en
thesis.degree.grantor The University of Auckland en
thesis.degree.level Masters en
dc.rights.holder Copyright: The author en
pubs.elements-id 744730 en
pubs.org-id Strategic Engagement en
pubs.record-created-at-source-date 2018-06-15 en
dc.identifier.wikidata Q112935794

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