China Isn’t Ready For Creative Destruction

Has China’s Joseph Schumpeter moment arrived? China has suggested its decision to roll out deposit insurance for bank accounts beginning on May 1 will usher in a wave of creative destruction, chastening the cronyism that plagues the country. And there is some logic to the official spin. There’s a flip […]



Bloomberg via CHINA US Focus http://ift.tt/1anu3vu