Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… Why China is a Problem [#the Private Sector]…

Posted by paulfromwloh on Sunday,November 20th,2016

.. the transformation of the P.R.C. has been amazing . Its growth has been stupendous ..

.. or , has it ?? ..

.. it is likely a mixture of both . The People ‘ s Republic has indeed grown quite a bit , and , yes , it has privatized quite a lot . But not quite enough ..

.. [h/t — Newsmax.com/Finance]..
.. [link] to the blog post ..

.. the private sector in China is a marvel . However , it operates in an extremely sheltered environment . These companies are not exposed to the competitive environment that companies throughout the world are each and every day . As a result , their results are not a true measure of what they have achieved ..

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