The CCP Absorbs China’s Private Sector

The Asia Society’s Center on U.S.-China Relations and the Hoover Institution’s project on China’s Global Sharp Power invite you to the launch of their new joint report, The CCP Absorbs China’s Private Sector: Capitalism with Party Characteristics, on Thursday, September 7th, at Asia Society New York, from 8:30am to 10am ET.

Report author and Hoover visiting fellow Matthew Johnson argues that recent regulatory crackdowns on some of the best-known firms in China, including Alibaba, Ant, Meituan, and Didi Chuxing, are not isolated phenomena. Rather, the CCP has launched a massive structural undertaking to harness private capital to restore the Party’s political authority across China’s economic landscape, while preserving the technology and capital flows necessary for Xi Jinping’s ambition of making the PRC the world’s dominant superpower.

Following Johnson’s introduction of the report, a panel discussion featuring Yasheng Huang, Orville Schell, Anne Stevenson-Yang, and Glenn Tiffert will unpack how foreign investors, businesses, and governments can “de-risk” in an economic environment where state objectives come first and national security underpins everything.