Red Capitalism

“This book really showed the way that the capitalist system began in China and developed through the 1990s. It uses entertaining anecdotes to show how the apparently capitalist system that grew out of the old socialist economy was in many ways an illusion created by eager foreign investment banks. Contrary to what many observers think, ‘capitalism’ grew within the cage of the existing system and adapted to its parameters, creating something that is neither socialist nor capitalist. The government likes to call it ‘socialism with Chinese characteristics’—which really means ‘whatever we decide to do.’ It’s a great book.” Read more...

Books to Change the Way You Think About China

Anne Stevenson-Yang, Entrepreneurs & Business People