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An economist argues that China’s state-run companies will never innovate because lack the discipline of a hard budget, a competitive market, a long-term vision, and interference from political actors.
A former Beijing University professor, Zhang Weiying, told a public forum last week how corruption could be solved in China, and emphasized that it only poses a serious threat to the Communist Party and not the nation.
According to a former professor at Beijing University, academics and administrators at the school regularly cavort with waitresses who exchange sexual favors in return for places at the exclusive institution.
