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>Is the job market too restrictive with maximize profit over maximum knowledge transfer and upkeep? Victor Shih (China scholar) says that employers in China mo
by hollerith 1y ago
>Is the job market too restrictive with maximize profit over maximum knowledge transfer and upkeep?
Victor Shih (China scholar) says that employers in China mostly don't care about profit margins nor do the banks that lend to them.
- seanmcdirmid 1y agoSOEs maybe, but not Chinese private companies.
- hollerith 1y agoWhether a private company can get a loan however depends more on whether it is in a sector that Beijing wants to encourage than on the company's expected profit margin or expected return on investment--according to Shih.
- seanmcdirmid 1y agoA bank loan sure, but most of the capital private companies are working on aren't coming from banks (especially state owned banks).
- hollerith 1y agoOK, but I think the banks do most of the Chinese economy's investing (and Beijing exerts a lot of influence on the nature of that investing by the banks).