Opinion: Chinese mergers of state-owned enterprises make little business sense but keep more of the economy under the Communist Party’s control
"Far from government involvement in the economy decreasing, state-owned enterprises (SOEs) have been getting even bigger," writes Jingzhou Tao. "Guidelines on 'separating government functions from enterprises' have been watered down and the role of the Chinese Communist Party in the daily management of SOEs is greater than at any time in the past three decades."
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Jan 20, 2017