3 ms·
> And over half the Chinese economy is state-run. Yes? That number is decreasing, is the point. > What aristocracy? The owners of those public-invested priva
by derefr 3y ago
> And over half the Chinese economy is state-run.
Yes? That number is decreasing, is the point.
> What aristocracy?
The owners of those public-invested private companies. The state didn't decide to buy a majority stake in company A over company B because company A was meritocratically superior; the state had a personal connection to the ownership of company A.
- deciplex 3y ago> Yes? That number is decreasing, is the point. This is factually incorrect, or perhaps more generously: out of date. SOE market capitalization as a percentage of the total has been increasing for about two years now, and the CPC has stated their intention that SOEs will play a bigger role in the economy going forward. > The owners of those public-invested private companies. The state didn't decide to buy a majority stake in company A over company B because company A was meritocratically superior; the state had a personal connection to the ownership of company A. [Citation needed]