Tag: Chinese Capitalism
-
Chinese Capitalism: The long march backwards
The Economist: Chinese Capitalism: The long march backwards A surprising new book argues that China is becoming less, not more, of a capitalist economy. MOST people, particularly those living outside China, assume that the country’s phenomenal growth and increasing global heft are based on a steady, if not always smooth, transition to capitalism. Thirty years…
-
A Battle Fought in the Factories
New York Times: A Battle Fought in the Factories WEIFANG, China, Dec. 8 — When the aging state-owned Weifang East Steel Pipe factory here in China’s northern coastal plains fell into insolvency a few years ago, unpaid workers at first responded by blocking the factory gates and marching angrily on a nearby municipal building. Then,…
-
Stir-fry capitalism: Chinese Capitalism
The Economist: Stir-fry capitalism: Chinese Capitalism CHINA'S stockmarket continues to hit record highs. Last week the benchmark Shanghai Composite index topped 5,000, a rise of 90% since the start of the year; and China's total stockmarket capitalisation now exceeds its GDP for the first time. This has been hailed in the Chinese media as marking…