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WSJ Cheerleads for China
futureofcapitalism.com

A front-page Wall Street Journal news article endorses Chinese Communism:

China's national economic strategy is detailed and multifaceted, and it is challenging the U.S. and other powers on a number of fronts.

Central to China's approach are policies that champion state-owned firms and other so-called national champions, seek aggressively to obtain advanced technology, and manage its exchange rate to benefit exporters. It leverages state control of the financial system to channel low-cost capital to domestic industries—and to resource-rich foreign nations whose oil and minerals China needs to maintain rapid growth.

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WSJ Cheerleads for China
futureofcapitalism.com

A front-page Wall Street Journal news article endorses Chinese Communism:

China's national economic strategy is detailed and multifaceted, and it is challenging the U.S. and other powers on a number of fronts.

Central to China's approach are policies that champion state-owned firms and other so-called national champions, seek aggressively to obtain advanced technology, and manage its exchange rate to benefit exporters. It leverages state control of the financial system to channel low-cost capital to domestic industries—and to resource-rich foreign nations whose oil and minerals China needs to maintain rapid growth.

Read More...


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Andrew Browne

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