“What honourable Shivambu has just said is a distortion of the highest level on the conceptualisation of the role of the state in the economy,” said Lamola.
“China has socialism with Chinese characteristics and the Chinese characteristics allow for private sector direct investment into the economy in China. In Singapore, that country was built by the allowing the private sector to invest and allowing foreign direct investment,” he added.
“It is a complete distortion by honourable Shivambu to say it was only the hand of the state. Even in China, the big corporations are private sector corporations that accept foreign direct investment.”
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