Dr Ritusha Mani Tiwari, spoke on the issue of Chinese State Capitalism and Global Capital in the Department of Political Science on 18 August 2023.
Her lecture centered around four key questions. How has capital in China developed after Mao’s regime? Who controls the state capital in a socialist country? How does the state act as an entrepreneur of capital in China? How does China’s State Capitalism and its interactions with the global capital impact China’s domestic and foreign polycystic special lecture on “Exploring Links between Chinese State Capitalism and Global Capital”, organized by the Department of Political Science, University of Hyderabad.
Dr Tiwari received her PhD in Chinese Studies from the Centre for East Asian Studies, School of International Studies, Jawaharlal Nehru. She currently teaches political science at the Shaheed Bhagat Singh College, University of Delhi. Her research works include the study of power and hegemony in East Asia and South Asia, a comparative analysis of foreign policy, doctrines of non-alignment and harmonious world, the nature of peace discourse in China’s strategic circles and strategic behaviors of India and China. She is currently working on a publication based on her doctoral thesis, titled “China and the East Asian Regionalism: Origins and Dimensions of an Emerging Leadership, 1997-2018”.
In the lecture, Dr Tiwari traced the several phases of structural shifts and the readjustments in the state’s intervention in China’s capital development after Mao’s regime to the current political system. Her lecture focused on the complex interlinkages of Chinese State Capitalism with Global capital and its impact on domestic transformation and foreign policy re-adjustments. China has rapidly changed by adapting to globalization and market-oriented reforms wherein the Chinese State, more precisely, the Chinese Communist Party, has been acting as an entrepreneur of the Chinese State Capital.
This party-market nexus further brings out an intriguing picture of power relations in the provinces which is not uniform throughout the state. Through her intervention, Dr Tiwari highlights the regional and provincial variations in relation to labour/market laws which are products of these party-market interactions at the provincial level. The discussion further impinges on the confrontations of Chinese State Capitalism (CSC) with US Capitalism which were counterbalanced by China’s sub-regional expansions through the BRI initiative.
Dr Tiwari also enlightened us about the intervention of the state in issues of data security regulations, the questions of corporate responsibility and its relation to the Chinese state through her emerging insights from working on current projects studying structural changes in the state of China.
The lecture was attended by both students and faculty members. The questions from the audience raised insightful observations on the nature of Chinese state capitalism, which took the discussion into China’s impact on India’s market and policy. The lecture was held in the Seminar Hall of the Department of Political Science at the School of Social Sciences. The session was chaired by Dr S. Shaji, Assistant Professor at the Department of Political Science.
– Contributed by Satyaki Barua, Research Scholar, Political Science baruasatyaki123@gmail.com