http://calpolymbatrip.com/2006/china/the-impact-of-chinas-emergence-on-entrereneurship-and-the-attraction-of-capital/ The MBA Graduate Program at Cal Poly Fri, 18 May 2012 15:26:32 +0000 http://wordpress.org/?v=2.6.3 http://calpolymbatrip.com/2006/china/the-impact-of-chinas-emergence-on-entrereneurship-and-the-attraction-of-capital/#comment-484 David Lotierzo Wed, 09 Aug 2006 01:18:34 +0000 http://calpolymbatrip.com/2006/china/the-impact-of-chinas-emergence-on-entrereneurship-and-the-attraction-of-capital/#comment-484 Professor Epstein decreed that, under the surface, the state-planning mentality still exists and there is no incentive for a person to work harder. From my observations while in China, I would have to disagree. The capitalist culture seems well entrenched and none of the firms we visited looked as if they were willing to take things easy because their profits were predetermined. During our discussions with PWC we learned that the taxation system in China has quite a ways to go in terms of logistics and enforcement... so though the state-planning ideals may be in place, I am quite confident that the companies working harder are finding ways to profit more. Professor Epstein decreed that, under the surface, the state-planning mentality still exists and there is no incentive for a person to work harder. From my observations while in China, I would have to disagree. The capitalist culture seems well entrenched and none of the firms we visited looked as if they were willing to take things easy because their profits were predetermined. During our discussions with PWC we learned that the taxation system in China has quite a ways to go in terms of logistics and enforcement… so though the state-planning ideals may be in place, I am quite confident that the companies working harder are finding ways to profit more.

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