Reforming China’s state-controlled telecommunications and banking sectors will improve the odds for start-ups to succeed. Photo: AP

China’s innovation drive should first target its grossly inefficient state-owned companies

Winston Mok says improving the productivity of these lumbering giants, many in sectors that affect the entire economy, will bring more benefit than just nurturing start-ups

Topic |   China economy

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Reforming China’s state-controlled telecommunications and banking sectors will improve the odds for start-ups to succeed. Photo: AP
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