tailieunhanh - THE WEALTH REPORT 2012: A GLOBAL PERSPECTIVE ON PRIME PROPERTY AND WEALTH

However, in 1978, China differed from the Soviet Union in its resource endowment and economic structure. China was poor, and agriculture remained the dominant economic activity. Peasants suffered from high rates of under-employment and vulnerability to income shocks. In contrast to the Soviet Union’s large, vertically- integrated state enterprises, Chinese industrial output was produced in relatively smaller state firms as well as in small collectives. Infrastructure was weak, and there was little capacity to move commodities between provinces. Decentralization of the planning system in China was linked to financial decentralization as well. Sub-national. | THE WEALTH REPORT 2012 Written by Knight Frank Research Published on behalf of Knight Frank and Citi Private Bank by Think Publishing FOR KNIGHT FRANK Editor-in-Chief Andrew Shirley Executive Publisher Victoria Kinnard Assistant Editor Vicki Shiel Marketing Rebecca Maher Research enquiries Press enquiries FOR CITI PRIVATE BANK Head of Marketing EMEA Andrew Richmond Marketing EMEA Nadeem Hussain Press enquiries FOR THINK Consultant Editor Ben Walker Managing Editor Ben Willis Creative Director Ewan Buck Designer Nikki Ackerman Senior Account Manager Jackie Scully Managing Director Polly Arnold Information Graphics Paul Wootton Portrait Illustrations Peter Field PRINTING Pureprint Group Limited Wi-ALTH REPORT 2012 A GLOBAL PERSPECTIVE ON PRIME PROPERTY AND wealth Knight Frank Citi Private Bank .

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