Mao's ambition was to destroy this ancient system of governing and to transfer loyalties to the nation. ... Because no clear distinction existed between central and local revenues, the warlords retained whatever proportion of tax collections they required for their own use. ...
Briefly, on the topic of the KMT's loss in 1949, there are those authors that emphasize its own failings and those that emphasize the success of the Communists. ... The CCP would later fall into the trap of corruption, mainly in the guise of huge, unprofitable state owned industries that went to the sons of generals and politburo members. ...
I. Introduction While working on a draft of this essay, a copy of Chao Xi's [Chinese characters?] new book, Corporate Governance and Legal Reform in China (2009) came across my desk. The existence of such a book, published in English, written for a specialized area of legal practice, is an important marker. Over the past twenty years, Chinese law has undergone a truly astounding metamorphosis. ...