From the Christian Science Monitor:
The snowstorms currently sweeping China have wreaked havoc with millions of people’s New Year travel plans and caused $3 billion worth of losses, including thousands of acres of winter crops.
But the harsh weather is revealing an even deeper problem for Beijing: the difficulty of trying to manage a mixed economy, which is about 30 percent state-owned and 70 percent in private hands.
“The Chinese economy is not a real market
February 1, 2008