Chapter

Officials, Industrial Magnates, and Bureaucratic Capitalism

Margherita Zanasi

in Saving the Nation

Published by University of Chicago Press

Published in print October 2006 | ISBN: 9780226978734
Published online February 2013 | e-ISBN: 9780226978741 | DOI: http://dx.doi.org/10.7208/chicago/9780226978741.003.0007
Officials, Industrial Magnates, and Bureaucratic Capitalism

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This chapter addresses Cotton Control Commission (CCC) reforms in urban areas, reforms designed to modernize the production and management of industrial plants. It reviews the final political demise of the Wang Jingwei group. The CCC attempted to organize and develop the domestic market in finished goods. It saw the 1934 crisis of the Shenxin mills as one more proof of Rong's questionable business practices and as an opportunity to modernize them. The Shenxin affair illustrates that the cotton industry had become a site of struggle between different groups in the government. Bureaucratic capitalism has been viewed as a product of the corruption that characterized the Nanjing government. The CCC reforms would lead to their gradual disappearance, with effects hard to gauge on the Chinese economy as a whole.

Keywords: Cotton Control Commission reforms; urban areas; Wang Jingwei; Shenxin mills; cotton industry; bureaucratic capitalism; Nanjing government

Chapter.  10945 words. 

Subjects: Business and Management

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