While the importance of politics over economics has always been a key feature of China's economic system, many observers say that there has been a paradigm shift in how the CCP governs China’s economy today. This new model is often described as party-state capitalism.   

To get a clearer picture of this new form of economic governance that is emerging in China, Johannes Heller-John is joined by Nis Grünberg, Senior Analyst at MERICS. Nis is the editor and one of the authors of the MERICS Paper on China on the “CCP’s next century”. Read his chapter on "Party-state capitalism under Xi: integrating political control and economic efficiency".