Friday, February 17, 2006

Capitalism, Chinese Style

Peter S. Goodman's "In China's Frontier, a Fortune Is Made" in today's Washington Post gives a wonderful insight into how China's booming economy works. Goodman's profile reveals how a combination of moxie and lucrative government contracts have allowed former school teacher Yan Jiehe to become China's second-richest man. Better than any economic statistics can, Goodman's sharp anecdotes, descriptions and quotes give us a sense of how capitalist China is developing.


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