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.
- Study Says Smog Warming up Chinese Cities
- Souring Business, Xenophobia Makes China Dream Lose Its Appeal for African Migrants
- Fading China Dream
- How Duterte's Anti-Drug Crackdown Poses Risks to Rule of Law
- Beijing Floats Extension of Debt-to-Equity Plan to Wider Range of Creditors
- Insurance Company Executive Taking Lead at Central Huijin
- State Cement Makers Merge, Form Global Giant
- One-Third of China's Most Wanted Fugitives Seized, Anti-Graft Agency Says
- Banks Step Up Bill Oversight After Major Thefts, Fraud
- Report Highlights Need for Pension Reform to Rescue Poor Provinces
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- China Edges Closer to a Liquidity Trap
- First China Made Bullet Train Makes Maiden Trip
- China to Bring Back Equity Incentives for SOE Employees
- Farewell Medal Mania, Hello Sports Reform
- Dalian Wanda's Property Arm To Delist from Hong Kong in September
- China Behind on Plans to Trim Overcapacity
- Alibaba Rakes in Millions Selling Co-branding Rights to Double 11 Gala
- Can Baseball Finally Hit a Home Run in China?
- Car-Hailing Firms Try New Business Frontiers
- CSRC Suspends Creation of New Structured Funds