As Chinese think tanks begin to acquire the “revolving door” quality that has long described their peer institutions in other countries, business leaders from major state-owned companies and domestic (or Hong Kong–based) private companies now play a crucial role in the management of think tanks, gained through the financial contributions these companies make to the think tanks in reaction to government policies that strongly affect their businesses. Meanwhile, an increasing number of foreign-educated “returnees” find think tanks to be ideal institutional springboards from which to reintegrate into the Chinese political establishment and play a role in shaping the public discourse. A close look at the formation of three prominent think tanks in the country—the China Center for International Economic Exchanges, the Chinese Economists 50 Forum, and the China Center for Economic Research at Peking University—adds a new analytical wrinkle to the long-standing and complicated relationship between power, wealth, and knowledge.

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