Meg Rithmire’s book, Precarious Ties: Business and the State in Authoritarian Asia, compares state-business relations in China, Malaysia, and Indonesia. It explains why initial partnerships for growth between political and business elites disintegrated into corruption and financial instability in all three countries, and why some patterns of corruption and cronyism are more destructive for economic and political stability than others. She argues that China is similar to Indonesia in many ways, with endemic distrust between business and political elites creating a form of “mutual endangerment.” In both countries, fraud, asset expatriation, and cronyism reflect mutual enmeshment in illegal dealings to guarantee safety. In recent years, the CCP has pursued discipline of the private sector that seems to borrow from Malaysia, especially the party-state in corporate governance roles. In an interview conducted on January 18, 2024, Meg Rithmire, in conversation with Yeling Tan, focuses on the relationship between business and the state in China. 0:00-2:03 Introductions 2:03-8:21 Political reform and business in China 8:21- 20:21 distrust, enterprises, government 20:21- 33:15 China overcomes distrust, looting 33:15- The Party’s stance on private sector, Xi Jinping About the speakers: https://www.ncuscr.org/event/business-state-authoritarian-asia/ _________________________________ ► Subscribe to our channel: https://ncuscr.video/subscribe-youtube ► Check out the rest of our videos and podcasts here: https://www.ncuscr.org/media ► Follow @NCUSCR on Twitter: http://twitter.com/ncuscr ► Facebook: https://www.facebook.com/NCUSCR ► Linkedin: https://www.linkedin.com/company/ncuscr ► Instagram: https://www.instagram.com/ncuscr ► Weibo: https://weibo.com/ncuscr ► Visit our website for the latest information on our upcoming events, programs, digital content, and more: https://www.ncuscr.org/ ► Support our mission to promote understanding and cooperation between the United States and China: https://secure.givelively.org/donate/ncuscr/promote-engagement