Latest The Globe and Mail News & Updates

New Delhi, March 30 (IANS) China’s industrial rise is due to institutionalised competition among provinces, cities and firms, with the central government acting as a referee and disciplinarian rather than as an engineer, a new report has said.The report from The Globe and Mail called China’s industrial policy “authoritarianism”, adding that it “behaves less like central planning than a state-enabled pressure cooker.”Such a system thrived by enabling rivalry across firms and provinces, with t…