… 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 ..
.. 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 ..