To: familyop
Chinas banks are state-owned. The last time we saw any report on how many businesses in China were state-owned (within the past few years), the number was over 150,000. The PLA controls China right down to the local levels.They compete for customers, pay dividends and employees are paid based on each institution's profitability. Communist banks don't do any of the above.
36 posted on
12/04/2014 6:44:35 PM PST by
Zhang Fei
(Let us pray that peace be now restored to the world and that God will preserve it always.)
To: Zhang Fei
I don’t blame the Chinese people. The many Chinese people I’ve met were wonderfully straightforward, caring, honest and polite. They have good, strong morals. But I do disagree with centralized, autocratic and sometimes brutal government. Many people there have been moved long distances away from their homes against their own will.
We know that censorship has always been with northern and eastern Asia, but I also disagree with censorship against political speech. Censorship for public decency can be very good, as we’ve had the same in earlier America. But censorship against political speech: very disagreeable.
37 posted on
12/04/2014 6:55:55 PM PST by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: Zhang Fei
I also admire and respect the Chinese people very much for doing the following and wish that we would do the same. But it could not have been done without the long suffering, strength and determination of most of the people at the community level (a democratic effort). The even more centralized earlier government by the Qing dogs was unsuccessful at ridding China of the problem without the full support of the people.
How China got rid of opium
38 posted on
12/04/2014 7:10:01 PM PST by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: Zhang Fei
"They compete for customers, pay dividends and employees are paid based on each institution's profitability. Communist banks don't do any of the above."
Well, okay. Maybe they're better communist banks than those of Russia.
;-)
39 posted on
12/04/2014 7:17:06 PM PST by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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