From Click to Boom
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Lizhi Liu explains China's e-commerce boom despite weak legal structures by highlighting Alibaba and other giants acting as 'private regulatory intermediaries' (PRIs). These PRIs handle legal, social, and political functions usually managed by the state. Liu's research, based on extensive data, demonstrates e-commerce's impact on individual lives, lowering costs but potentially hindering local political engagement. The book reinterprets institutional experimentation and state-business dynamics within China.
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