China fights unemployment
China's post-Mao movement toward a mixed economy already permits Special Economic Zones, where foreign businessmen can set up factories, hire and fire workers and earn profits. Now leaders of the People's Republic have made yet another concession to capitalist ways, one aimed at encouraging entrepreneurship and, not so incidentally, easing China's massive unemployment problem.
Last week the government announced that Individuals who are in business for themselves will be allowed to hire up to seven employees. The program is seemingly limited to China's 200 million urban residents and does not affect the 800 million peasants living on communes or...
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