China has created brand-new form of capitalism: Bill Gates DAVOS, Switzerland, (AFP) - US software giant Bill Gates has high praise for China, which he says has created a brand-new form of capitalism that benefits consumers more than anything has in the past. "It is a brand-new form of capitalism, and as a consumer its the best thing that ever happened," Gates told an informal meeting late Friday at the World Economic Forum in this ski resort. He characterised the Chinese model in terms of "willingness to work hard and not having quite the same medical overhead or legal...