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Posts Tagged ‘china’s banking system’

A Chinese view of governance and the financial crisis: An interview with ICBC's chairman

March 27th, 2009 17 comments

In response to Steve’ question on what is the difference between Chinese version of capitalism and American version of capitalism, I think there are many.  The most important, I think, is the respective role of government, market in running / in governing the economy.  Another important aspect, I think, is the goal of economic prosperity.  China takes a more “holistic,” perhaps results-oriented  view to economic prosperity whereas America tend to take (historically at least) a more “individualistic,” equal-opportunity point of view. Read more…