The Chinese Economy Demystified: The State Owned Enterprise
It Could Happen Here
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The Importance of State-Owned Enterprises
Even 100% Chinese firms pose a challenge to this additional conception of SOEs is run by the state for the good of the state and its political objectives. This goes back to their structure as corporations the state owns by shareholding. They're companies trying to make a profit and are run by their own managers. These firms have a total workforce of 70 million people, which makes direct regulation very difficult.
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