There is no hard and fast rule as to what makes a successful state-owned enterprise. Therefore, when it comes to SOE management, we need a pragmatic attitude in the spirit of the famous remark by China’s former leader Deng Xiao-ping: 'it does not matter whether the cat is white or black as long as it catches mice.'

— Ha-Joon Chang Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

More quotes by Ha-Joon Chang

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)

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