If you want to learn how the Chinese state capitalism (not) work should deal with the subways. A partially privatized state-owned company runs with the backing politics and the money of the taxpayers a trail of environmental and cultural devastation of the country, generating just to shamelessly using oversized construction activities maximize returns. The actual efficiency gains (and only while they are economically ultimately relevant) are often modest. The knowledge of the vermachteten structures of state enterprises and policy and the practices of road construction and planning, explains quite a part of the legitimate discontent was expressed in Stuttgart. Civil society is perhaps not really willing to such pre-democratic and non-transparent processes and structures to bear. At least this is a good development.
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