Party-state capitalism

You can help expand this article with text translated from the corresponding article in Chinese. (May 2024) Click [show] for important translation instructions. Machine translation, like DeepL or Google Translate, is a useful starting point for translations, but translators must revise errors as necessary and confirm that the translation is accurate, rather than simply copy-pasting machine-translated text into the English Wikipedia. Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article. You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation. A model attribution edit summary is Content in this edit is translated from the existing Chinese Wikipedia article at [[:zh:黨國資本主義]]; see its history for attribution. You may also add the template {{Translated|zh|黨國資本主義}} to the talk page. For more guidance, see Wikipedia:Translation.

Party-state capitalism (simplified Chinese: 党国资本主义; traditional Chinese: 黨國資本主義) is a term used by some economists and sociologists to describe the contemporary economy of China under the Chinese Communist Party (CCP).^[1][2] The term has also been used to describe the economy of Taiwan under the authoritarian military government of the Kuomintang (KMT). The term is not used by the Kuomintang itself; it was coined by Taiwanese economists, such as Chen Shih-meng and Cyrus Chu, in their research report Deconstructing the KMT-State Capitalism (解構黨國資本主義).^[3][4]