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A country having good economics is definitely vital to its success as well. The introduction of a market economy did wonders for China's productivity, whereas I
by Aunche 6y ago
A country having good economics is definitely vital to its success as well. The introduction of a market economy did wonders for China's productivity, whereas I believe that corruption has been relatively constant.
- simonh 6y agoChina has two economic spheres in that respect, the market economy and the state economy. Woe betide any private company that tries to compete directly with a state enterprise. They can work with them but not against them. This is probably why Jack Ma got in trouble over ANT. Banking, or at least a large swathe of the official finance sector, is largely a state monopoly. Private companies largely rely on informal or private financing.