As China tries to reform its economy with $1 trillion in mergers of state-owned enterprises, the complexity and size of the firms threaten the consolidation with failure
The value of China's 100-plus state-owned enterprises exceeds Japan's $4.1 trillion economy, and merging some of them in an effort to reduce inefficiencies "doesn’t necessarily create a healthy one without some forceful leadership to eliminate overlap and excess capacity, as could be the case in the steel industry."
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Jan 20, 2017