Switch gears from all of the negative G-20 Summit coverage and check out the feature China Buys up the World in the latest edition of The Economist.
The articles reinforce the sway China and her cash enjoy around the world, but also highlight the realities of the PRC's state capitalism model and the rubber stamping culture at the executive ranks of many major companies. Just don't accept this as status quo:
Most of the executives interviewed by The Economist also felt that the next generation of Chinese executives, in their 30s and 40s today, with more international education and experience, would prove far more effective than the present cohort of chiefs. Over the past two decades the old guard has taken a rusting industrial base and from it made gleaming corporate giants. Yet if those firms are to achieve their full potential abroad their creators may have to relax their grip.
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