Home › Forums › Financial Markets/Economics › OT: China announces $586 billion economic stimulus plan
Only one third of Chinese state owned enterprises are profitable (they don’t exist for that purpose).
And most of “private” for-profit firms are co-owned by party officials tapping government money to fund them.
That was socialist(democrat) and crony capitalism (republican) all in one economy.
Either the Chinese economic model is fast resembling ours or it is the other way around. Both are managed by the party guided by their ideology.
