Domestic Political Factors Analysis Of The Foreign Economic Policy

This paper focuses on the roles played by such political factors as the Chinesebureaucracy, divisions of powers between the central government and the localgovernments and the formation of interest groups on the capital control policies. Theauthor has long been working in the financial supervision institution, which involvesnot only the changing markets home and abroad and their interactions, but also theoperation law and positioning of the government. According to the author, the capitalcontrol policy is not in the least an economic issue only, but a political one as well,which is closely linked to domestic and international political backgrounds.National research and market research have long been separately regarded andfall into two different categories-politics and economics, which, however, leads tosubject differentiation and the separation of national and market research.Traditionally, capital control policy belongs to the economic research field, but inreality, it is also tremendously influenced by national factors as a foreign economicpolicy. Therefore, in this sense, it can also be included into the domain of politicsstudies centered on national research.By combing the state centrism and social centrism, this paper attempts to workout a theoretical model to better analyze, evaluate and predict the present and futureChinese capital control policy and thus apply the theoretical studies to practical work.In this theoretical model of Chinese capital control, the Chinese bureaucracy,divisions of powers between the central government and the local governments andinterest groups are the key explanatory variables.This paper makes a deep analysis of the domestic micro-decision mechanism ofChinese capital control policy. This analysis perspective, to some extent, decodes the“black box” which explains how domestic simulative factors interact with foreigneconomic policy. In this paper, the author spares no efforts to make relentlessresearches into the overlapping area between studies on international relations anddomestic politics.