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.
Using 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.
Join Senior Fellow Dr. Rebeccah Heinrichs and Senator Rick Scott (R-FL) for a fireside discussion on how Congress can guide American strategy, the need to modernize the defense industrial base, and the vital role of allies and partners in an unstable international environment.
Join Hudson Institute Senior Fellow Robert McDowell for a discussion of the book and communications law with the authors, Harold Furchtgott-Roth, Kirk Arner, and Arielle Roth.
Please join Congressman Jimmy Panetta (D-CA) and Senior Fellow Ken Moriyasu for a discussion on Central Asia’s economic and strategic significance and why updating US trade policy is key to unlocking the region’s potential in an era of renewed great power competition.
