China’s Asset Management Companies as State Spatial–Temporal Strategy

Ho, Sarah; Marois, Thomas

Abstract

Chinese authorities created four new asset management companies (AMCs) in 1999, which have since undergone profound transformations that have been influential in China’s contemporary integration into the world market. Conventional interpretations see these powerful AMCs in largely technical and asocial terms. By contrast, we employ a critical geographical analytical framework to understand the transformation of the AMCs as an expression of state spatial–temporal strategy, which involved attempts to create conditions of political economic stability now by displacing the conditions of financial instability and crisis into the future. This strategy does not come without unintended and destabilizing consequences, nor is it without class-based social and political implications.

Citation

Ho, S., & Marois, T. (2019). China’s Asset Management Companies as State Spatial–Temporal Strategy. The China Quarterly, 239, 728-751. https://doi.org/10.1017/S0305741019000018

• Journal Article Type: Article
• Acceptance Date: May 11, 2018
• Online Publication Date: Jan 24, 2019
• Publication Date: Sep 1, 2019
• Deposit Date: Jun 4, 2018
• Publicly Available Date: Jun 4, 2018
• Journal: The China Quarterly
• Print ISSN: 0305-7410
• Electronic ISSN: 1468-2648
• Publisher: Cambridge University Press
• Peer Reviewed: Peer Reviewed
• Volume: 239
• Pages: 728-751
• DOI: https://doi.org/10.1017/S0305741019000018
• Keywords: China, Finance, Asset Management Company, Political Economy, Spatial Strategy, Development, Transformation, Institutions
• Related Public URLs: https://www.cambridge.org/core/journals/china-quarterly