摘要
Building a regulatory regime over its industry challenges the Chinese state in the process of moving towards a modem economy. To what extent has the socialist state intervention in markets been altered along with China＇s integration into the global economy？ Roselyn Hsueh examines China＇s regulatory regime of FDI through the comparison of two industries, telecommunication and textiles and finds an interesting mode of global economic integration that distinguishes China from both the liberal economic model and the East Asian developmental state model. The conclusion is that, even though China has introduced commitments made to the WTO and has liberalized FDI, it only appears to be a more liberal state in that the government has ＂selectively imposed new regulations at the sectoral level, asserting and even tightening control over industry and market development.＂ She further explores the political implication of this bifurcated strategy--＂liberal- ization two-step＂--and argues that introduction of economic competition and tol- erance of private economies and market ideas and norms do not necessarily lead to political change towards a democratic one.
