• Research
  • Politika
  • About
Carnegie Russia Eurasia center logoCarnegie lettermark logo
  • 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 Russia Eurasia Center

  • Commentary
    Carnegie Politika
    Could Migrants From India and Africa Solve Russia’s Labor Shortage?

    The demands of the Kremlin’s war in Ukraine, demographic problems, and public hostility toward Central Asians mean Russia does not have enough workers.  

      Salavat Abylkalikov

  • Commentary
    Carnegie Politika
    Russian Market Sours for Belarusian State Companies

    Minsk’s faith in the future of its larger neighbor’s economy is fading as Belarusian firms in Russia see record losses.    

      Olga Loiko

  • Commentary
    Carnegie Politika
    In Russia, Private Companies Have Been Left to Pick Up the Tab for Ukrainian Drone Attacks

    The cost of air defense has become an unregistered tax on revenue for businesses. While military rents are consolidated in the federal budget, the costs of defense are being spread across the balance sheets of companies and regional governments.

      Alexandra Prokopenko

  • Commentary
    Carnegie Politika
    Russia’s Coal Industry Is Running on Borrowed Time

    Powerful lobbyists and inertia led to Russia’s coal-mining sector missing an excellent opportunity to solve its structural problems.

      Alexey Gusev

  • Commentary
    Carnegie Politika
    Does Russia Have Enough Soldiers to Keep Waging War Against Ukraine?

    The Russian army is not currently struggling to recruit new contract soldiers, though the number of people willing to go to war for money is dwindling.

      Dmitry Kuznets

Get more news and analysis from
Carnegie Russia Eurasia Center
Carnegie Russia Eurasia logo, white
  • Research
  • Politika
  • About
  • Experts
  • Events
  • Contact
  • Privacy
  • For Media
Get more news and analysis from
Carnegie Russia Eurasia Center
© 2026 Carnegie Endowment for International Peace. All rights reserved.