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Did Policy Experimentation in China Always Seek Efficiency?: A case study of Wenzhou financial reform in 2012

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Did Policy Experimentation in China Always Seek Efficiency? A case study of Wenzhou financial reform in 2012. / Zeng, Jinghan.

In: Journal of Contemporary China, Vol. 24, No. 92, 04.03.2015, p. 338-356.

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@article{3298edefc6374a339ce8dc80c85f00e4,
title = "Did Policy Experimentation in China Always Seek Efficiency?: A case study of Wenzhou financial reform in 2012",
abstract = "Policy experimentation has been widely considered a 'magic bullet' of policy improvement and key to economic prosperity in China. This article, however, argues that policy experimentation in China does not always seek policy efficiency. Rather, it can be manipulated as a political symbol without actually affecting practices. By taking a case study on Wenzhou's financial reform, this article illustrates that local policy experimentation can serve as a mechanism for the central government to legitimately delay reform practices-in the case of Wenzhou's financial reform in 2012, out of a desire to maintain socio-economic stability during the power succession at the 18th Party Congress. In this reform, socio-economic stability was deemed more important than developing a sustainable and effective long-term policy. This article provides a new perspective on understanding policy experimentation in China by proposing the idea of 'symbolic reforms'.",
keywords = "POLITICS, PERFORMANCE, RESILIENCE",
author = "Jinghan Zeng",
year = "2015",
month = mar,
day = "4",
doi = "10.1080/10670564.2014.932517",
language = "English",
volume = "24",
pages = "338--356",
journal = "Journal of Contemporary China",
issn = "1067-0564",
publisher = "ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD",
number = "92",

}

RIS

TY - JOUR

T1 - Did Policy Experimentation in China Always Seek Efficiency?

T2 - A case study of Wenzhou financial reform in 2012

AU - Zeng, Jinghan

PY - 2015/3/4

Y1 - 2015/3/4

N2 - Policy experimentation has been widely considered a 'magic bullet' of policy improvement and key to economic prosperity in China. This article, however, argues that policy experimentation in China does not always seek policy efficiency. Rather, it can be manipulated as a political symbol without actually affecting practices. By taking a case study on Wenzhou's financial reform, this article illustrates that local policy experimentation can serve as a mechanism for the central government to legitimately delay reform practices-in the case of Wenzhou's financial reform in 2012, out of a desire to maintain socio-economic stability during the power succession at the 18th Party Congress. In this reform, socio-economic stability was deemed more important than developing a sustainable and effective long-term policy. This article provides a new perspective on understanding policy experimentation in China by proposing the idea of 'symbolic reforms'.

AB - Policy experimentation has been widely considered a 'magic bullet' of policy improvement and key to economic prosperity in China. This article, however, argues that policy experimentation in China does not always seek policy efficiency. Rather, it can be manipulated as a political symbol without actually affecting practices. By taking a case study on Wenzhou's financial reform, this article illustrates that local policy experimentation can serve as a mechanism for the central government to legitimately delay reform practices-in the case of Wenzhou's financial reform in 2012, out of a desire to maintain socio-economic stability during the power succession at the 18th Party Congress. In this reform, socio-economic stability was deemed more important than developing a sustainable and effective long-term policy. This article provides a new perspective on understanding policy experimentation in China by proposing the idea of 'symbolic reforms'.

KW - POLITICS

KW - PERFORMANCE

KW - RESILIENCE

U2 - 10.1080/10670564.2014.932517

DO - 10.1080/10670564.2014.932517

M3 - Journal article

VL - 24

SP - 338

EP - 356

JO - Journal of Contemporary China

JF - Journal of Contemporary China

SN - 1067-0564

IS - 92

ER -