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Wednesday, August 05, 2009

The Pursuit of WOW/Peters 194-200

200 Some hard numbers: China economy, recently classified as the world's third largest, grew 14 percent in 1993; the growth numbers in giant and progressive Guangdong province hit 19 percent. Fixed-assets investment leaped 70 percent last year in "sleepy" state-run enterprises, 93 percent in locally run corporation. And, oh yes, citizens have been rioting to get share applications in the burgeoning Shanghai Exchange--50,000 Chinese shareholders a week joined the capitalist rolls in 1992.

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