Scholars of Chinese society have predominantly regarded the region's money to represent an unusually “social” artefact. The dramatic proliferation of “digital money” services within Chinese social media platforms in the last decade would seem to further confirm the social character of Chinese money. I present a comparison of the diverse views held by migrant factory workers in Shenzhen towards different digital payment platforms which, however, suggests that rather than digital money necessarily being more or less social, different platforms instead extend the possibilities of sociality in varying ways. I argue that acknowledging the production of such novel working-class subjectivities through digital money ought to be central to efforts to assess the potential of these technologies for addressing the social, institutional and economic exclusions faced by Chinese migrant labourers. This in turn can enrich our understanding of the emergence of a new “digital working-class” in China by revealing how such contemporary working-class subjectivities are shifting, contextual and processual in nature.

This paper provides an analytical review of the social science literature on guanxi. The focus of this review is on the prevalence and the increasing significance of guanxi during China's post-1978 reforms, which were implemented to move the country towards a market economy. Since then, researchers have engaged in debates on what guanxi actually means to Chinese people in the past and today, how it has been adaptive to ongoing institutional transformations, and why its influence in economic, social, and political spheres can stabilize, increase or decrease with market reforms and economic growth. The author provides a synthesis of these debates before offering a theoretical framework which provides an understanding of the dynamics of guanxi through the changing degrees of institutional uncertainty and market competition. Survey findings on the increasing use of guanxi in labour markets from 1978 to 2009 are presented to illustrate the usefulness of this framework. In the conclusion, the author argues that guanxi is a five-level variable, and that the nature and forms of guanxi influence are contingent upon whether guanxi is a tie of connectivity, a sentimental tie, a sentiment-derived instrumental tie, an instrumental-particular tie, or an obligational tie that facilitates power and money exchanges. This five-level conceptualization is aimed at advancing future scholarship of guanxi in China's rapidly changing society.

This paper proposes a new institutional perspective to explain not only the diversity of local business systems in China but also how this diversity results from the integration of major institutional forces. We model the emergence of China's business systems as a co-evolutionary process unfolding along a business–government and a micro–macro-level dimension structured by intergovernmental institutional competition, business to business and business to government networking and public-private corporate governance. We find that: (i) China's emerging business system is the result of local institutional competition at the micro level that reduces the need for national (macro) institutions and impacts on the local implementation of national (including supranational) policies; (ii) the interaction between government and business is structured through networks which operate according to an economic rationale while drawing on cultural norms and traditions; and (iii) local businesses interact with local governments to recombine productive factors and reorganise firms and industries in line with local institutions. We conclude that the astonishing adaptability of Chinese businesses as well as the risk of corruption and lack of formal control at local government level are elements of locally differentiated business systems which are held together by an overarching institutional architecture.