When entrepreneurs in China seek financing for their projects they often turn to the informal credit market because the state-owned finance channels tend to prefer state-owned firms. Wenzhou is a manufacturing capital in China that produces everything from cigarette lighters to tennis shoes – its economy is both a shining example of how far China […]
Read MoreThe Global Post has an awesome interview with Dr. Victor Shih, assistant professor in political science at Northwestern University. The article is part of Global Post’s series “Cracks in the Wall” about the challenges facing Chinese economic growth in the future and details why, according to Harvard educated Dr. Shih, Chinese public and state-owned debt […]
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