Red CapitalismCarl Walter, Fraser Howie
Red Capitalism
by Carl Walter, Fraser Howie · first published 2012
3mentions
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3HN commenters
2013–2021first – last mentioned
33% recommend67% neutral
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Surprised no one has mentioned “Red Capitalism (2012)” which specifically covers the finance industry in China (pre-AliPay but post reform in the modern era) which gives a clear insight into the sort of banking system Ma tried to shake up and their…
on “Jack Ma makes first live appearance in three months in online meet” ↗…him as chairman -- is the victim of state industrial policy. "As Carl Walter and Fraser Howie, American bankers with decades of experience living and working in China, point out in their important book Red Capitalism, China's party leaders have believed in recent years that 'they are better positioned than any market to value and price risk'." The New York Times reports in "Chinese Solar Panel Maker Falters as Prices…
on “Chinese solar producer Suntech declares bankruptcy” ↗China previously required Alibaba and other companies to accept government officials within their companies. https://www.ft.com/content/055a1864-ddd3-11e9-b112-9624ec9ed... Fraser Howie, author of "Red Capitalism", says that all Chinese corporations are either state owned enterprises or state overseen enterprises. It appears China may want to transition Alibaba from the latter to the former.
on “China CCP to Nationalize Jack Ma's Alibaba and Ant Group – Report” ↗