From the Christian Science Monitor:
China’s big appetite for budding sales combined with major loans from its highly centralized banking system is one form of the expression “market Leninism,” used by Perry Link of Princeton University to describe China’s hybrid red capitalism.
“From the beginning we wanted the largest shopping center in the world,” says Fu Yuehong, general manager of the New Yansha Group, which operates nearly half the mall. Ms. Fu displays a huge map of the world in her office. “We are the country with the most people in the world. We have the fastest growing economy. The largest mall shows our progress as a society.”
