What is state capitalism and can the inherently public and private aspects be reconciled? Sarah Eaton, Assistant Professor of Political Science at the University of Waterloo joins David Welch, CIGI Chair of Global Security for a discussion on state capitalism in China. The conversation offers background on the evolution of reform experiments in China and the subsequent drive toward centralized industries and state-owned national champions. Eaton also discusses the impact of China's industrial policies on regional and global trade relations. She notes that while there has been some criticism of China's state capitalism, since 2008, the system has experienced a new legitimacy as many states have stepped in to support their failing private industries.