The Key to the Growth of the State-Owned Enterprises

State-owned enterprises in regions which were controlled by local party elites and bureaucrats become these local power centers that are taking on all of this cheap loans that they never pay back. The rise of mega companies so out of these sort of regional boom bus cyclers you can compare them to uh but an android jackson's pet banks in the united states. When they get rid of the iron rice ball they increase the ability your your ability to make money in these private enterprises or public enterprises, he says. "Whenever you get rid of that floor people start falling through it"