self-assessment

I want to admit that i have some difficulties in listening. First, i do not know enough terms and words,but i know i will learn them! Second, i should get used to different pronounciations, accents and fast speaking.

Capitalism in communist China

I have listened interview with professor of Cambridge University about the model capitalism in China. Capitalism means that firms and consumers can make their own decisions, but communism makes decisions centrally. Journalist and professor are discussing how these 2 models can co-exist in the same space. In communism a big part of firms is monopolized be state and controlled in prices. If a person wants to be individual in China and he has a bright idea, he will has one problem: private sector has not channel to raise money, because part of banks is controlled by central government. So it is hard to raise money through bank system. Good way for interpreneurs is to identify some business opportunities in local government sector and ask help from it. In this case it helps get money from bank to do business. China is country where state controls capitalism to activate economy and provide market with supply . According to professor, Chinese workers has a more freedom now than before, they can move from city to city. Financial system is the top of China. It is very important to make the system more flexible to accomodate eventual capital requirements. Government also try to solve the problem of riches and poors, which can destroy the society.