Successive period in the late Qing Dynasty merchant biographies available, this is not a pilgrimage Crusaders, but with Chinese characteristics, pursue the spirit of Protestant Ethic. Development of the coach market economy after 30 years of experience bottlenecks and need to find their own spiritual trajectory.
2008 changes affect the global economy is the vicinity of the southeast coast of China private enterprises, these 30 years in the state-owned enterprises and foreign enterprises caught in the gap, it seems that more than half withered overnight. They face rather than the short-term difficulties, but the currency market in transition with the double whammy of a sharp narrowing. China's coastal export enterprises are facing a choice, is turning the internal market and opened the way death, or through overseas M & A risk to find an international way.
The history of how similar. The 30s of last century, the Chinese currency changes. Friedman monetary and originator of "the scourge of money," a book described in a separate section. The 20th century, 30's, silver in the U.S. election, the representatives - President Franklin Roosevelt implemented the silver purchase program. Pacific on the other side of China is the world's only silver-based system to implement the major powers, the United States to raise the price of silver led to the outflow of Chinese silver, less than the currency in circulation caused by the economic crunch, the Government abandon the silver standard system does not deliver the notes replaced, but the war occurred less than the budget deficit and government credit, making the currency into a vicious inflation, a combination of different opinions from the 40's is a pile of paper currency of the law.
Needless to say, was all business slump, the development of several coach decades of Chinese business culture, and destroyed a commercial basis. That is not the fault of the traditional business culture, business culture, but unfortunately, if the Chinese have access to business ethics and social order and stability of the convoy, China's business community has already developed a mature system.
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