Book Excerpt: "The Writing on the Wall" by Will Hutton
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Author: Micky Wong
Date: Jan 14, 2007 07:38
... by non-Chinese, foreign firms, another expression of China's weakness. The state still owns the lion's share of China's business and what it does not own, it reserves the right to direct politically. Mark Kitto, a former Welsh Guardsman, has found at first-hand how difficult it is to sustain private ownership in China. He built up three Time Out equivalents in Beijing, Shanghai and Guangzhou but, after seven years of successful magazine...
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