Chinese state-owned enterprises (SOE) and conglomerates are expanding and establishing new regional headquarters across China. It appears that the Chinese Communist Party (CCP) wants to strengthen its SOEs and monopolize various sectors of the economy. These efforts are devastating China’s small businesses and making it harder for foreign firms to compete. In recent years, the…
China’s New Economic Plan: State-Owned Enterprises Must Form Giant Monopolies
November 3, 2022
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ChinaChina Business & Economychina planned economyChinese Regimechinese state-owned enterprisesMike Sun
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China’s Real Estate Industry Signals Big Regression of the Country’s Market Economy
August 21, 2022
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ChinaChina Business & Economychina economic risksChina economyChinese Regimechinese state-owned enterprisesprivate companies
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From January to July this year, among the top 10 real estate companies acquiring land in key cities in China, 80 percent are state-owned enterprises, according to the country’s official data. A similar trend was observed in other industries in China. Analysts believe that this is not only an indication that “the state advances, the…
Spreading China’s Wealth
August 28, 2021
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Alibabachinese state-owned enterprisesDeng XiaopingOpinionThe Chinese Communist PartyThinking About ChinaViewpointsXi Jinping
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Commentary People in China, especially rich ones, are about to learn a new history and an element of communism the older generations had forgotten and the younger ones never knew. Over the past 40 years or so, it has been widely reported that former Chinese leader Deng Xiaoping sparked the rapid growth of China’s economy…
China’s Subsidies for Listed Companies Total $33 Billion, Prioritizing Defense and Semiconductor Sectors
China spent a whopping $33 billion on industry subsidies to listed companies in 2020. Among them, subsidies to semiconductor and defense enterprises increased significantly. According to Japan’s Nikkei Asia, China’s subsidy spending was at a record high last year, and showed a 14 percent increase from 2019. In the semiconductor industry, the regime’s total subsidies…
Fleeing From Control or Raising Capital? Chinese Companies Pile Into US Stock Market
March 30, 2021
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14th five-year planBusinessChinaChina Business & EconomyChina-US NewsChinese Regimechinese state-owned enterprisesCompaniesEconomiesHony CapitalMarketsNASDAQ
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The number of China-based companies that rushed into the U.S. stock market hit a 10-year high in 2020, even as several others were removed, according to a study by the University of Florida. Political commentator Li Linyi said the Chinese regime wants to raise capital in the United States through these companies to support its technology…
Chinese State-Owned Enterprises Among Recipients of COVID-19 Wage Subsidy
December 23, 2020
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CanadaChinaChina Business & Economychinese espionagechinese intelligenceChinese Regimechinese state-owned enterprisesnational security threatsWorld
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Chinese state-owned enterprises were found to be recipients of Canada’s COVID-19 wage subsidy benefit. In an effort to push for transparency, the Canada Revenue Agency (CRA) launched a search registry on Monday to help Canadians track employers who have been receiving the Canada Emergency Wage Subsidy (CEWS) amid the COVID-19 pandemic. Among the recipients, Chinese…
Ottawa Rejects Chinese Company’s Takeover of Nunavut Gold Mine Over Security Concerns
December 22, 2020
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CanadaCanada's Far NorthChinachina arctic ambitionsChina Business & EconomyChinese Regimechinese state-owned enterprisesShandong GoldWorld
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The Federal government has rejected a Chinese state-controlled mining company’s planned takeover of Canada’s TMAC Resources, after conducting a review of the potential security risks. Toronto-based TMAC Resources Inc. says Ottawa has turned down its deal to be bought by China’s Shandong Gold Mining Co. Ltd. following a review under the Investment Canada Act. TMAC…
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