ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

China's Falling Rate of Profit and the Coming Economic Crisis

China's rapid growth has been based on the intense exploitation of the working class, ruthless environmental degradation, and exports to the global capitalist market. However, all three conditions required for China's capital accumulation have been undermined. The contradictions of Chinese capitalism have led to a falling profit rate, which at current trends may soon fall towards levels historically associated with the Great Depression. A major economic crisis may seriously undermine the political legitimacy of China's current capitalist regime.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top