Word: reformer
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...Chinese deal is about more than making a profit; it's about building a modern capitalist economy. "Foreign investors who bring money and technology to private domestic firms are doing exactly the right thing," says Yasheng Huang, author of Selling China: Foreign Direct Investment in the Reform Era. "If you can structure your investment so that you take advantage of China's growth story without having to depend on its economic system, you have most of your success right there and then." We say, let it rain...
...Shan is outspoken about business conditions in China. In editorials in the Asian Wall Street Journal, he wrote that China needs more market reform to stamp out corruption, which he called "a serious threat to China's body politic," and warned that willy-nilly lending by Chinese banks will wallop the economy. "I see a market filled with pitfalls," he says. "China is deceptive. Growth doesn't necessarily translate into profit." During a February luncheon in Hong Kong, Shan shocked the crowd by challenging Nobel-prizewinning economist Amartya Sen for praising Mao's "barefoot doctor" program as a sound...
...corruption are rampant. But for these leaders, the art of the Chinese deal is about building a modern, civilized society. "Foreign investors who bring money and technology to private domestic firms are doing exactly the right thing," says Yasheng Huang, author of Selling China: Foreign Direct Investment in the Reform Era. "If you can structure your investment so that you take advantage of China's growth story without having to depend on its economic system, you have most of your success right there and then." We say, Let it rain. --By Jim Erickson/Hong Kong
Shan is outspoken about business conditions in China. In editorials in the Asian Wall Street Journal, he wrote that China needs more market reform to stamp out corruption, which he called "a serious threat to China's body politic," and warned that willy-nilly lending by Chinese banks will wallop the economy. "I see a market filled with pitfalls," he says. "China is deceptive. Growth doesn't necessarily translate into profit." During a February luncheon in Hong Kong, Shan shocked the crowd by challenging Nobel-prizewinning economist Amartya Sen for praising Mao's "barefoot doctor" program as a sound...
TIME: Has corporate reform gone...