something about economy

Mainland China:
·no freedom to hire and fire;
·low coherence of central state policy;
·weak relationship among large firms;
·weak relationship among large and small firms;

Where to go for China?
·Increasing resemblance to Taiwan.
1)freedom to hire and fire.
2)determined development of academic research for high-tech sectors.
3)development of Venture Capital.

Key weakness of mainland China:
·Underdevelopment and imbalance of entire finance system.
·Weaknesses of inter-firm relationships.

·is excellent localion for much high-tech manufacturing and R&D.
·Chinese firms are/will be strong only in limited numbered medium and high-tech sectors.