The Chinese Economy Demystified: The State Owned Enterprise
It Could Happen Here
00:00
The Evolution of State-Owned Enterprises in China
Modern Chinese SOEs are not directly part of the government at all. Instead, they're structured as regular corporations who stock happens to be owned by the government. The other major difference from Soviet firms is that companies like Saudi Aramco and modern Chinese SoEs are for-profit companies. They don't exist to provide a service, they exist to make money. This gets very weird very quickly.
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Transcript
