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The government is communist but in terms of business, it's more capitalistic than many western countries. People are also hard-working and very ambitious, and t
by mtw 9y ago
The government is communist but in terms of business, it's more capitalistic than many western countries. People are also hard-working and very ambitious, and there is wild innovation in places like Shenzen (hardware) or Beijing (AI). Although innovation sometimes simply means copying/stealing. There are ingenuous innovation though.
- jeffbax 9y agoThere's a lot of market dynamism in China, but businesses don't generally do much without a permission slip -- at least once they reach a certain size. Business in China is very tied to government… so capitalistic, but generally of the crony variety