| BUSINESSWEEK ONLINE : SEPTEMBER 27, 1999 ISSUE | ||||||||
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| INTERNATIONAL -- ASIAN COVER STORY
China's New Private Sector HOW IT'S DIFFERENT These are truly private companies, unlike many businesses that are controlled by state-owned enterprises, ministries, and local governments. And these private companies, unlike family-run shops, are acquiring sizable revenue and market share. WHY IT MATTERS A real private sector can hire and fire at will, pay taxes, and respond to market forces much faster than state-connected firms. THE RISK IT FACES Raising capital is always a problem. So is the temptation to diversify. And Beijing may still lean on the companies and force them to acquire connections to the state. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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 RELATED ITEMS China's New Capitalism (int'l edition) ASIAN COVER IMAGE: China's New Entrepreneurs TABLE: China's New Private Sector TABLE: The Long March to Capitalism Payoff for a Pioneer in Shanghai (int'l edition) The Very Model of a Modern Chinese Juggernaut (int'l edition) INTERACT E-Mail to Business Week Online | |||
