China today has the largest communist political regime and one of the most dynamic, fastest-growing, and largest economies in the world. Using a case study of China's tobacco industry, this book analyses how the Chinese government was able to cultivate big state-owned firms that have successfully embraced the global market.

Junmin Wang is Assistant Professor of Sociology at the University of Memphis, USA.

1. What is Unknown in the "Beijing Consensus": Decentralized and Dispersed State Ownership 2. Toward a New Framework: Market-Building as State-Building 3. From Central State Monopoly to Local State Competition 4. The Rise of China's "Tobacco Empire" 4. The Rise of China's "Tobacco Empire" 5. "Recentralization" and Global Market Building 6. More Global, Deeper Local