China's Continuous-Mode Sovereignty (Administrative Power, Information Architecture, and the Transformation of State Capacity in the 21st Century)

Abstract China’s political economy and governance model cannot be understood through Western concepts of constitutional authority, legal emergency powers, or market-based liquidity. This paper develops a four-layer analytical framework—structural imbalance, liquidity coordination, administrative intervention, and cybernetic information governance—to describe China’s sovereignty architecture as a continuous, permanently activated mode of state power. The analysis situates China within a global typology of five sovereignty forms and extends Francis Fukuyama’s sequence logic into the operational domain of finance, administration, and information in the 21st century.