When state capitalism meets bamboo entrepreneurship
Most observers would agree that in China, the government is far more hands-on in terms of shaping commercial activities than in the Western world. Home-grown, emerging multinationals such as Lenovo, Huawei, and Haier are not only dominant players in substituting imports, but they are also groomed to become national champions, competing in the global market. With its state-owned enterprises operating in industries that the government deems strategic, China appears to be an archetypical example of what state capitalism entails.
[This article has been reproduced with permission from IMD, a leading business school based in Switzerland. http://www.imd.org]