[Talk] My review of The Economist 3.12~3.18
China's bamboo capitalism
The bamboo capitalism refers to a capital operation way that rather different
from the West's capitalism.
It basically has three characters.First,the property privatization which
reflect more than 90% of the China's 43m companies were private rather than
that of three dacades ago when pretty much all business in China was
controlled by one level of the state or another.
Second, there is their dynamism. The number of registered private businesses
grew at an average of 30% a year in 2000~2009.
Third,it's their vulnerability.It is a wonderfully flexible system, but
without a consistent rule of law.
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