Chinese companies justify shoddy products because of fierce competition. One businessman explains why this approach is nothing but a dead end.
Tag: capitalism
-Analysis- BEIJING – Most agree that state-owned enterprises, which have long been at the core of China’s economy, must be reformed. That begins with fundamental changes in the way that such entities are managed, both by increasing the separation between state oversight and individual management, and the separation between management and ownership. The establishment in […]
VIENTIANE – The feeling of lethargy still lingers in the streets of old Vientiane. Things, however, are beginning to change: the time for indolence is over. The capital of Laos, on the banks of the Mekong River, is brushing off its image as a sleepy, colonial market town by hosting the Asia-Europe Meeting (ASEM) this […]