Red China: Capitalist Chameleons

Capitalists in Communist China? In deed yes, says Barry M. Richman, a professor at U.C.L.A.'s Graduate School of Business Administration and a vet eran Sinologist. Writing in the Harvard Business Review, Richman describes Mao's country as "a land where some 300,000 capitalists still receive interest on their investments, and where many of them are still serving as managers of their nationalized enterprises." Striking a Bargain. Richman, a Ca nadian citizen, toured China for two months last spring, found that many businessmen had not only survived but thrived on Red soil. Though small-stuff...

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