Imogen Liu and Adam Dixon published a new (open access) article in the Journal of Economic Geography about the role of the state in China’s state-led financialisation of infrastructure.
Access the article, titled “What does the state do in China’s state-led infrastructure financialisation?”, here.
Imogen Liu and Adam Dixon conceptualise China’s state-led financialisation as an alternative narrative to dominant accounts in the advanced capitalist core, where the expansion of private market-based finance-led growth is theorised to transform traditional forms of public infrastructure development and production-based growth.
Drawing on the case of Chinese state capital investment in Europe, they demonstrate empirically how the imperative to financialise infrastructure development is emergent from and contingent upon a productivist mode of capitalist development.
They articulate two key transformations in which Chinese state capital is being used to leverage financial best practice and its network properties in service of the real economy.
