Capitalism Seeps Into An Old Port...Pete Engardio
Two years ago, socialist mismanagement finally caught up with Qingdao Canning & Foodstuff Co., which had been nationalized after the communist takeover in 1949. The company found it difficult to pay its 1,600 workers after racking up $30 million in losses in four years.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.