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Fortunately for China, Chinese corporations don't believe that.
by gamble 16y ago
Fortunately for China, Chinese corporations don't believe that.
- Ardit20 16y agoDidn't. Aren't they becoming capitalists also?
- gamble 16y agoNot in a way Wall Street would recognize. China is following the Japanese development model - firm state control of key firms and financing, with protectionist regulation and capital controls to ensure that foreign companies have little access to the domestic market and are unable to pull out what investments they're allowed to make.