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Opinion: Chinese mergers of state-owned enterprises make little business sense but keep more of the economy under the Communist Party’s control

2 months ago
Sky Canaves
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."
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.