'Iron Rice Bowl' Capitalism
The Brian Lehrer Show | Apr 7, 2017
The "iron rice bowl" is a Chinese idiom which referred to the now abolished system of guaranteed lifetime employment, and more broadly symbolizes the Communist country's commitment to take care of all people, but the economy is getting a capitalist update.
As China's President Xi Jinping meets with President Trump this weekend at Mar-a-Lago, Eunice Yoon, CNBC Beijing bureau chief, senior correspondent and host of Inside China on CNBC, takes a look at how the meeting, recent actions in Syria and US-China economic relations are being viewed in China.
