Saturday, February 8

Peter S. Goodman, Akiko Kashiwagi, and Wang Ting report: According to the Japanese president of a division of Sanyo Electric, China is more capitalist than Japan in terms of labor issues. The Japanese president of a bankrupt company that makes sophisticated printing machines hears an official from a Chinese state-owned company speaking of "returning profit to the shareholder", and generally holding a "very capitalist point of view", and cedes control to him. Pardon me while I jam my eye-balls back into their sockets--I'm a little skeptical that the Chinese are that capitalist.

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