August 25, 2015
Is China Communist or Capitalist ?
Chinese Share Markets have plunged .Chinese Govt. had been encouraging Chinese public to invest in Shares. Share Markets are derivatives of Public Limited Companies meaning the very core of Capitalism. In Annual General Meetings One Share means One Vote
Chinese Govt. s very autocratic. No Multi Party system . No Free Elections. A sort of Police State. No One Man One Vote.
Further , China has no real Transparency. Its economic figures like GDP / Growth rates can be fudged . It is hidden behind a Bamboo Curtain.
Dhobi Ka Kutt a - Na Capitalism Ka - Na Communism Ka