Carl E. Walter
More books by Carl E. Walter…
“Chinese investors refer to their stock markets as “policy markets” for this very reason: they move on the expectation of government policy changes and not on news of company performance. The fundamental value-creation proposition in China is the government, not its enterprises”
― Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise
― Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise
“Failure to grasp the impact of unbridled Western-style capitalism on its elite families in a society and culture lacking in legal or ethical counterbalances is to miss the reality of today’s China. Greed is the driving force behind the protectionist walls of the state-owned economy inside the system and money is the language.”
― Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise
― Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise
“The 30 years encompassed by the policy of reform and opening have been the most peaceful and economically successful in the past 170 years of China’s history, lifting more than 300 million people out of poverty”
― Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise
― Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise
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