Thomas Greenhalgh writes on the economic impact of freedom of enterprise in China.
The People’s Republic of China (PRC) prides itself upon its corporatist approach to economic growth, particularly geared towards export markets, yet State Owned Enterprises’ (SOEs) now noted poor performance, in regard to inefficiencies and faux profits (through government lending), have left us with the question as to where the greatest impetus for growth within the Chinese economy is, or at least will be. The conclusion is increasingly that economic development is happening despite strong state intervention.
Continue reading "The ‘Capitalist Roaders’ of the PRC" »
Thomas Greenhalgh writes on the dangers of Chinese State-Capitalism.
The People’s Republic of China’s economic success since 1979, now the world’s fastest-growing major economy, largest manufacturer, second-largest consumer, largest saver, and second-largest military spender, must surely be indicative of China’s State Owned Enterprises’ (SOEs) success, must it not?
Continue reading "The Little Red Book of Inefficiency" »
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