Interlude: The Emergence of a Sino-Centric Transnational Capitalist Class?

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This interlude considers the conditions under which a Sino-centric capitalist class is emerging. It proposes a schema for analysing Sino-centric class formation – along economic, political, and ideological lines – and introduces cases in Venezuela, Serbia, and New Zealand. However, despite China’s growing global political economic power, there is scant evidence of a Sino-centric transnational capitalist class operating as a class-for-itself. This, the chapter suggests for now substantially limits China’s ability to become a global hegemon anchoring a distinctively Chinese-centred system of capital accumulation. It concludes by asking how the global political economy may fragment or align along particular US- or Sino-centric lines.

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