State Capitalism is the new normal in China
Inefficient and corrupt, the state sector in China is the source of many of the nation's current ills. However, according to corporate financier and bestselling author Joe Zhang, it is fixable. Even amid the rise of private sector capitalism, the government and public in China have faith in the state sector. And now, contrary to the predictions of many experts in the West, China's state sector is rebounding and on track to expand further. In Party Man, Company Man: Is China's State Capitalism Doomed? Joe Zhang shares his firsthand insights into managing an SOE (State-Owned Enterprise) in China, the reasons why he left the Communist Party, and his predictions on the future of China's successful and growing state sector.
