Can Chinese Firms Defy Gravity of Profitability During Economic Downturn?

By Professor of Strategy Seung Ho Park, co-authored with Shaomin Li

Like the Chinese economy that seems to have defied fundamental economic laws (such as “the right to private property is a prerequisite for development”),  many Chinese firms have also been able to defy the ‘gravity’ or ‘golden rule’ of profitability. They defy the odds by achieving rapid growth without turning a profit. Read more on Forbes.com