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I said it was _more_ economically free than the US. That's setting a very low bar. The US is a quagmire of mostly (not entirely) pointless regulatory agencies, lawyers, and high taxes. I've heard from businessmen that it's _much, much_ easier to start a business in China.

Of course, if you're a huge multinational business, you can just devote .001% of your income to lawyers in the US to make those problems somewhat go away. But that situation is not relevant to me, personally.

Of course, you are going to be able to find particular issues where the US is better. For all I know, it may be harder to move RMB in and out of China than it is to move dollars in and out of the USA.