According to this book, spotted via Danwei, written by a Chinese intellectual, Shanghai is not all its cracked up to be.

Quote:
The book opens with a statement that is sure to catch the eye of many living in China: there is something wrong with Shanghai.

Yes, no less than Shanghai, the city that has been fooling us for years with its aura of dynamism and openness. Huang Yasheng arguments, with precise data in hand, that entrepreneurship has long been eliminated from the city. Shanghai’s wealth is made of SOEs, FDIs and transfer of resources from other parts of China. It is in fact an economy of CPC members and risk averse “iron bowls”.

This entry was posted on Tuesday, March 3rd, 2009 at 10:53 am and is filed under News, Random Shanghai stuff.... You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.