China Less Easy Than Europe The Nikkei headline says, “Jack Ma slams Western economic models, says Europe over-regulated.” The retiring billionaire, founder of online Chinese marketing giant Alibaba, told his IM/World Bank audience, "In Europe a lot of people talk about regulations, they love to discuss about the worries, asking what ya gonna do. In America they have their system." Instead, he said, he would focus on Africa where there is money to be made. The irony is that he said this to the World Bank whose annual Doing Business report indicates the opposite. Its “Ease of Doing Business” analysis indicates that Scandinavian countries are amongst the easiest for entrepreneurs, whereas his native China ranks as a m...

TAGS – China, Europe, Middle East & Africa, North America