The much-vaunted China Model has morphed in the past decade to a one-of-a-kind system of authoritarian capitalism that is in danger of terminating itself – and taking the world down with it. It is also proving incompatible with global trade and business governance, and threatening multinationals that fear losing technology and business secrets to China’s mammoth state-owned enterprises (SOEs) they are forced to partner with.
James McGregor is an American author, journalist, and businessman who has lived in China for more than 25 years. He is Chairman of APCO Worldwide, Greater China, and a professional speaker and...