China's fast-paced economy is developing into more than just a beehive of individual private enterprises scattered hither and yon. The textile business is a prime example of how the Chinese government's attempt to guide development more indirectly through local planning, instead of outright state ownership, is starting to pay off. (David Barboza/New York Times, "China Finds a Capacity for Capitalism," <em>The Wichita Eagle</em>, <a href="http://www.kansas.com/mld/eagle/2004/12/25/news/nation/10495009.htm">D ecember 25, 2004</a>)</blockquote> -- Yoshie
^^^^^^
CB: Take that, Hayekians ! No it is not "local planning" . It is centralized planning of local specialities.