Mar 27
minipost-A Chinese view of governance and the financial crisis: An interview with ICBC’s chairman
Written by: Allen | Filed under:-mini-posts, Analysis, News | Tags:capitalism, china's banking system, china's regulatory system, financial crisis
18 Comments » newest
18 Comments » newest
In response to Steve’ question on what is the difference between Chinese version of capitalism and American version of capitalism, I think there are many. The most important, I think, is the respective role of government, market in running / in governing the economy. Another important aspect, I think, is the goal of economic prosperity. China takes a more “holistic,” perhaps results-oriented view to economic prosperity whereas America tend to take (historically at least) a more “individualistic,” equal-opportunity point of view. Continue reading »
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