In 1994, on my first visit to Beijing, I asked a vice-minister in one of the planning agencies what was the hardest aspect of enterprise restructuring. “Finding the owner,” he said. This is a deep saying. It applies to everything that is going on in Asia today. It encapsulates the discoveries east and west are on the brink of making from their current encounter.
Consider the classic Chinese state-owned enterprise (SOE). It makes something, though maybe not too well.
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