Zhang Weiying

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.

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.