A must-read on China

Everybody knows that China’s economy, just like Russia’s is badly overstated.  But by… FORTY PERCENT??

It’s actually possible that this sort of news will help the reformers:  after all, WoC very rightly points out that a lot of what’s holding China back isn’t technological (they’re smart and they learn fast), but a culture that consistently seems to under-rate what our businesspeople call “best practices.”  And you can’t get any of that without encouraging transparency, etc.

Hat tip:  Winds of Change

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1 Comment

  1. blackpine

     /  November 24, 2007

    It is that possible. Transparency in financial dealings is not a universal value. Ask Marcy, she would have the best perspective on that.


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