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Indeed, more like a well-runned corporation with 1.3 billion workers.
by sad_hacker 16y ago
Indeed, more like a well-runned corporation with 1.3 billion workers.
- poutine 16y agoWell run? You've obviously never been to China.
- brianobush 16y agoWhy would you need to visit China to have an opinion that could be arrived at by looking at financials - a common practice in measuring success. Just look at a portfolio of large Chinese companies - they are doing well, thus I would also hypothesize that they are well-run companies.
- garply 16y agoThe numerical data to which you have access is not necessarily accurate. Corruption, bribery, fabricated numerical data are par for the course here. He was talking about China as a country and as an economy. If you come and visit, it is immediately obvious that there are problems.
- pyrhho 16y agoJust because there are problems does not necessarily mean that (as a whole) it is being run poorly.
- geekinthecorner 16y agoSlave labor is cheap, of course they do well.
- mturmon 16y agoChinese firms are riding a huge wave of growth driven by wage differentials. In this macro context, it's easy to make a lot of money with poor management.
- ericd 16y ago*trillion