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China is technically (but not exactly in practice, it identifies as nonetheless) a Socialist State where the government has complete control of private enterpri
by valarauca1 10y ago
China is technically (but not exactly in practice, it identifies as nonetheless) a Socialist State where the government has complete control of private enterprise. Regardless of your opinion on China's execution of this model (Market Socialism, vs Croney Capitalism) the national government reserves the right to do what ever it sees fit with companies, when ever it sees fit.
What ever term is used in the press is merely the political narrative framing for this, no so far as any branch/ministry/bureau of the government.
- germanier 10y agoThe government department in this story is literally called Anti-monopoly Bureau (反垄断局, part of the Ministry of Commerce). That name is not some spin of the press, it is what's written on their building.