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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