Thursday, October 20, 2011

China coming crisis : the "Taxi" entrepreneurism

. That cannot be good, having to pedal twice as fast to stay afloat or make that marginal dollar
. Ingenious and entrprenuers as the Chinese Taxi drivers are
. It foreshadow a crisis for China
. Whose GDP is the largest if not second to USA
. But at 6 times the population.
. Mostly trying to keep end meet at very small margin.
. Output not commensurate with input.
. If doubling income from the same meter, same direction is the yardstick for Chinese
Entreprenuerism, China is very much in trouble.

http://www.economist.com/node/21533412

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