August 23, 2023
Classic Commerce: China defines the range of a business as a "family" for centuries years. I never read the classic book, but Chinese business habit would describe a loan as perpetual and having variable interest for the benefit of a loanee like a stock. The term of stock was derived from Europe, and China used to take business in other terms. The trouble has come from the lack of understanding for decades years between them. In Japan, basically, a loan is a returnable loan, and the range of a business is in a tiny field with many members.