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To conquer the world, China must get smarter
News, Michael Schuman, Published on 14/08/2019
» Many investors and economists continue to believe China's rise to global economic greatness is inevitable. Modern history, however, tells us that graduating from emerging- to a developed-economy status is hardly automatic. An overly intrusive state, dependence on debt, feeble gains in productivity and poor resource allocation are all reasons to fear that China might struggle with the transition like so many nations before it.
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Turning communists into capitalists
News, Michael Schuman, Published on 03/10/2017
» As it heads into a major leadership transition, China is attempting a strange breed of corporate reform. Rather than privatising state-owned enterprises outright, the government is testing whether selling minority stakes to private investors may improve their performance.
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Protests point to more than scandal
News, Michael Schuman, Published on 02/12/2016
» The first big story I covered as a young correspondent in South Korea was a corruption scandal. Two former presidents were found guilty of, among other things, amassing fortunes with payoffs from the country's major business groups, called chaebol. That was 1996.
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