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« How far this goes and what really matters | Main | Bit o' transcript from my appearance on Hewitt Monday/quote in Politico »
Friday, March 25, 2011 at 10:23 AM
10:23AM

Charts of the day: The decline of state capitalism . . . in China!

DateFriday, March 25, 2011 at 10:23AM

From an Economist feature on rising entrepreneurship in China and how its "economic dynamism owes much to those outside the government's embrace."

More than twice as many enterprises since 2000, but the number of state-owned ones barely rises while the non-state number goes up more like 8-fold.  State-held assets less than 50%, with profits and sales less than 30 percent.  

Point:  the rise of state capitalism can be overstated.  China isn't succeeding through state capitalism, but despite its lingering presence.

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