From "China Inc." to "CCP Inc.": A New Paradigm for Chinese State Capitalism.

CCP General Secretary Xi Jinping has overseen a significant transformation of China's domestic economic system, undergirded by important new reforms that have drastically expanded the reach of the Chinese state into the economy and Chinese firms. This has included the integration of CCP organizations into public and private firms, the regulatory shift of SASAC from "managing enterprises" to "managing capital," and the role of government guidance funds in driving industrial policy. The overall change in China's economic and regulatory structure - and the political control wielded by the CCP - combined with the Xi era blending of the public and private, and market and planning, is of such a proportion that it marks a new paradigm in China's development trajectory. [ABSTRACT FROM AUTHOR]