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.
- Talking Time
- Most of World's Synthetic Drugs Made in China, Police Admit
- PetroChina Selling Half of Subsidiary Running Central Asian Pipelines
- Insurance Executive Said to Die in Office Days after Probe Started
- Progress at Universities Requires Outside Help, College President Says
- To Curb Carbon Emissions, Focus on New Consumers on the Move
- Business Trip
- College President Fired for Breaking Rules on Cars, Spending
- CRC to Start Selling Ads on Tickets as Part of Test Run
- Country's Rural Areas Face Shortage of Preschools, Ministry Says
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- Wang Jianlin on Why the Wanda Phenomenon Works
- How a New Idea for Revamping the Economy Is Taking Shape
- Official Figures for Major Smog Pollutant Last Year 'Off by Half'
- The Real Drivers of China's New Culture Movement
- Chinese Gov't 'Causes an Investment Gap with U.S.'
- Banks' Total Value of Bad Loans Rises for 16th Straight Quarter
- Gov't Announces Plan to Clean Up Rural Areas by 2020
- Plan to Develop Two New Beijing Districts 'Flies in Face of Population Curbs'
- With Big TV Deal, China's Pro Soccer League Looks to Score
- Closer Look: Baidu Joins Other Internet Giants to Open a Bank