Cover Osteuropa 5-6/2015

In Osteuropa 5-6/2015
Teil des Lesepaket Volkswirtschaft

After Neoliberalism
State Capitalism in China and Russia

Xin Zhang

Deutsche Fassung


The state capitalist systems of China and Russia have a number of similarities. In both countries, there is a free market, and they are integrated into the world’s economy. At the same time, they never put all their trust in a pure neoliberal program. In key sectors, Moscow and Beijing have strengthened the state’s role as investor and lender. They hope that this will give them an advantage in global competition. China and Russia no longer claim to represent an alternative model to capitalism, as in the days of the East-West conflict. The state capitalist regimes merely speak of “devel-opment” and “modernisation” as the highest goal of their policies.

(Osteuropa 5-6/2015, pp. 21–32)