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There is no such thing as a "company" in China as we understand it in the United States. There are CCP-controlled/tolerated commercial ventures that participat
by lenerdenator 3y ago
There is no such thing as a "company" in China as we understand it in the United States.
There are CCP-controlled/tolerated commercial ventures that participate in the market economy. If you're investing in China, you can be sure there's a Party boss who's getting to wet his beak and dictate terms on which the deal will be accepted. Investments in China are not handled for the benefit of private interests; they are handled for the benefit of a strategic goal of the state.