Caixin OnlineOpinionEditorial The Limits of State Capitalism
03.01.2012 17:41

The Limits of State Capitalism

Amid much discussion of China's economy, this much is clear: It has gone as far as it can in its current form
 

In today's international debate over China's development model, a commonly heard term is "state capitalism,' and one oft-cited example of this is the country's development of high-speed railways.

Yet, in this issue of Caixin we report on exorbitant prices paid for bathroom fixtures on new bullet trains, further evidence if any were needed of the ills of state-led market development. In light of such abuses, a closer look at state capitalism is timely.

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