21
November 2014
Past Event
Crony Capitalism with Chinese Characteristics
Friday 12:00 - 1:30PM

Crony Capitalism with Chinese Characteristics

Past Event
Hudson Institute, Washington, D.C. Headquarters
November 21, 2014
21
November 2014
Friday 12:00 - 1:30PM
Past Event

1015 15th Street, N.W., 6th Floor
Washington, DC 20005

Speakers:
Minxin Pei

Professor and Director, Keck Center for International and Strategic Studies, Claremont McKenna College

Charles Davidson

Former Executive Director, Kleptocracy Initiative

The unprecedented anti-corruption campaign launched by Communist Party Chief Xi Jinping in late 2012 shows, among other things, that a kleptocracy has taken root inside the Chinese state and economy. While the campaign has provided more detailed information on the scope and depth of corruption in China, the origins and characteristics of this new type of kleptocracy remain poorly understood.

Minxin PeiUsing data collected from more than 100 corruption cases involving multiple party and government officials, Minxin Pei argues this kleptocracy originated two decades ago when elites in the Chinese party-state, private businesses, and organized crime colluded to loot state-owned assets. The effects of such looting and collusion go beyond the illicit enrichment of a small number of elites. Pei contends that they are the underlying forces causing the decay of key institutions in the Chinese party-state.

On November 21st, Hudson Kleptocracy Initiative (KI) hosted a discussion moderated by KI Executive Director Charles Davidson on the sources and implications of China’s kleptocracy.

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