The tyranny of global monopoly-finance capital can be seen in part as monetary geopolitics backed by military power. It directly appropriates, through investment schemes, production gains from the physical and resource economies of developing countries. At the same time, it engages in financial speculation by means of buying long and selling short in capital markets. The end result is the plundering of social wealth. China is not immune to this tyranny. This article analyses how China negotiates with the effects of global financial crises through adopting the policy of strategic transformation towards ecological civilisation and rural revitalisation. In addition, the grassroots initiative of rural reconstruction movement has played an important role in the ongoing transformative process.
Bibliographical noteFunding Information:
Research support was provided by the China National Social Science Foundation (14 ZDA064). Translated from the Chinese by Alice Chan.
© 2019 Council for Social Development.
- economic crises
- rural vitalisation