The Limits of State Capitalism
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.
- Taobao, Gov't Get Real Testy over Fake Goods Accusations
- Shanghai Official Urges More Couples to Have Second Child
- Chinese Cities Go off Rails in Effort to Attract New Train Stations
- Water Works
- Risky Bridges?
- Planting the Seeds of Agricultural Reform
- Lanzhou Shames CNPC Unit for Pollution Crises
- Tour Bus Crash
- Surprise Exercise
- Two-Thirds of Provinces Say They Missed GDP Growth Targets in 2014
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- Samsung Loses Connection with Chinese Consumers in 2014
- Scandal-Hit GlaxoSmithKline 'to Lay Off 1,000 Employees in China'
- Mao's Winding Road to Socialism
- China Boots Up an Internet Banking Industry
- Gov't Had Reservations about Selling Stake in Citic Ltd. to Foreigners
- Caught in Rising China's Centrifuge
- Downfall of Party Internet Policeman 'Helped Lead to National Cleanup Campaign'
- Embattled Founder Securities 'Cannot Reach Its Chairman'
- Provincial, Regional Gov'ts Prepare for a More Frugal Future
- Banks Trying Direct Route to Online Future