There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic attitude in the spirit of the famous remark by China's former leader Deng Xiao-ping: 'it does not matter whether the cat is white or black as long as it catches mice.'


Ch. 5, Black cat, white cat, p. 121 - Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Ha-Joon Chang Quotes

There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic...

There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic...

There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic...

There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic...