• Research
  • Strategic Europe
  • About
  • Experts
Carnegie Europe logoCarnegie lettermark logo
EUUkraine
  • Donate
{
  "authors": [
    "Matt Ferchen"
  ],
  "type": "other",
  "centerAffiliationAll": "",
  "centers": [
    "Carnegie Endowment for International Peace",
    "Carnegie China"
  ],
  "collections": [
    "China and the Developing World",
    "China’s Foreign Relations"
  ],
  "englishNewsletterAll": "",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie China",
  "programAffiliation": "",
  "programs": [],
  "projects": [],
  "regions": [],
  "topics": [
    "Economy"
  ]
}

Source: Getty

Other
Carnegie China

Whose China Model is it Anyway? The Contentious Search for Consensus

Any comparative exercise that contrasts the Chinese model of state–economy relations with that of the United States is inherently political and prone to various angles of critique

Link Copied
By Matt Ferchen
Published on Apr 3, 2012

Source: Review of International Political Economy

Has a Beijing Consensus emerged to challenge the Washington Consensus? If so, what is the essence of this alternative consensus and why does it matter? This article argues that efforts at a definitive description of a Chinese model of state–economy relations, especially as it compares to the original policy recommendations of the Washington Consensus, have and will continue to prove unsatisfying. This is because any such comparative exercise is inherently political and prone to various angles of critique. Instead, this article argues that it is precisely because of the politics of such comparison that competing and often contradictory portrayals of a Beijing Consensus or China Model have taken on importance inside and outside of China. This article further argues that western accounts of a Beijing Consensus or China Model alternative to the Washington Consensus too often ignore or minimize the contentious debates within China about how best to describe Chinese economic governance. This study, in contrast, seeks to understand China's relationship to the Washington Consensus by exploring how concepts like the Beijing Consensus or China Model are deployed and contested outside and inside of China. The article concludes by offering suggestions for further research on the domestic Chinese and international policy implications of debates about the Beijing Consensus.

About the Author

Matt Ferchen

Former Nonresident Scholar, Carnegie-Tsinghua Center for Global Policy

Ferchen specializes in China’s political-economic relations with emerging economies. At the Carnegie–Tsinghua Center for Global Policy, he ran a program on China’s economic and political relations with the developing world, including Latin America.

    Recent Work

  • Q&A
    How China Is Reshaping International Development

      Matt Ferchen

  • Article
    Why Unsustainable Chinese Infrastructure Deals Are a Two-Way Street

      Matt Ferchen, Anarkalee Perera

Matt Ferchen
Former Nonresident Scholar, Carnegie-Tsinghua Center for Global Policy
Matt Ferchen
Economy

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Europe

  • Article
    Rewiring the South Caucasus: TRIPP and the New Geopolitics of Connectivity

    The U.S.-sponsored TRIPP deal is driving the Armenia-Azerbaijan peace process forward. But foreign and domestic hurdles remain before connectivity and economic interdependence can open up the South Caucasus.

      • Areg Kochinyan

      Thomas de Waal, Areg Kochinyan, Zaur Shiriyev

  • Research
    Planetary vs International Security: Economic Growth at the Crossroads

    Economic growth is at the heart of a dilemma between planetary and international security.

      Olivia Lazard

  • Commentary
    Strategic Europe
    Europe and the Arab Gulf Must Come Together

    The war in Iran proves the United States is now a destabilizing actor for Europe and the Arab Gulf. From protect their economies and energy supplies to safeguarding their territorial integrity, both regions have much to gain from forming a new kind of partnership together.

      • Rym Momtaz

      Rym Momtaz

  • Commentary
    Strategic Europe
    How Europe Can Survive the AI Labor Transition

    Integrating AI into the workplace will increase job insecurity, fundamentally reshaping labor markets. To anticipate and manage this transition, the EU must build public trust, provide training infrastructures, and establish social protections.

      Amanda Coakley

  • Commentary
    Strategic Europe
    Taking the Pulse: Can the EU Attract Foreign Investment and Reduce Dependencies?

    EU member states clash over how to boost the union’s competitiveness: Some want to favor European industries in public procurement, while others worry this could deter foreign investment. So, can the EU simultaneously attract global capital and reduce dependencies?

      • Rym Momtaz

      Rym Momtaz, ed.

Get more news and analysis from
Carnegie Europe
Carnegie Europe logo, white
Rue du Congrès, 151000 Brussels, Belgium
  • Research
  • Strategic Europe
  • About
  • Experts
  • Projects
  • Events
  • Contact
  • Careers
  • Privacy
  • For Media
  • Gender Equality Plan
Get more news and analysis from
Carnegie Europe
© 2026 Carnegie Endowment for International Peace. All rights reserved.