The Different Types of Chinese Business Groups

Chinese businesses are organized by those holding companies 100% owned by SaaSAC and therefore the Chinese state. The groups cooperate and coordinate the business strategy instead of competing against each other, which allows them to carry out a level of long-term planning that's sometimes difficult for individual for-profit companies. Those holding companies also sometimes called core companies, own the majority of the stock of a variety of publicly traded companies. They also work with research institutes, which carry out scientific and research development for the entire group.