The Financial Times, among others, recently reported that China is going to experiment with allowing Hong Kong banks to lend directly to Chinese companies in RMB within a special zone in Shenzhen. It’s poignant that this is happening in a Special Economic Zone, which also started out as an experiment that was then duplicated in other parts of China, and finally led to widespread changes in the Chinese economy.
This type of approach, at a national level, is nearly equivalent to the Lean Startup approach [Read more…]