000			01732cam a2200145 4500
100	1		_aPAULS Robert
245			_aCapitalist accumulation, contradictions and crisis in China, 1995-2015/ _cRobert Pauls
260			_c2022
520			_aDrawing upon Marxian and regulation theory, this article seeks to identify key dynamics and contradictions of capitalist accumulation in China between 1995 and 2015 and to explain these in their institutional context. To this end, data from national accounts and input-output tables is re-mapped to estimate Marxian categories such as the rates of surplus value and profit. The article demonstrates how the transformation of the wage relation and an increase in the rate of surplus value lie at the core of a predominantly extensive accumulation regime that enabled rapid and uncoordinated growth facilitated by world market integration. In the wake of the global crisis, however, a confluence of contradictions has led to over-accumulation and a decline in profitability, clear symptoms of exhaustion of the accumulation regime that explain the current slowdown under the "New Normal." The underlying contradictions are rooted in the institutional context of the "Socialist Market Economy," but especially in the wage relation, which no longer supports sufficient increases in the rate of surplus value or a regular pace of accumulation.
650			_aCHINA _xRATE OF SURPLUS VALUE _xRATE OF PROFIT _xECONOMIC CRISIS _xREGULATION THEORY _xWAGE RELATION
773			_aJournal of Contemporary Asia: _gVol.52, No. 2, May 2022, p.267-295
598			_aCHINA, ECONOMICS
856			_uhttps://www.tandfonline.com/doi/full/10.1080/00472336.2020.1861640 _zClick here for full text
945			_i67297.1001 _rY _sY
999			_c41359 _d41359