A woman walks past Shanghai’s Lujiazui financial district in January 2019. China has recently been intensifying the role of state-owned enterprises. Photo: AFP
China shouldn’t follow the US on the road to mediocrity by pursuing market concentration
- In supporting state-owned firms, the Chinese government is mirroring the trend towards market consolidation in the US, the results of which have not been stellar
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United States
A woman walks past Shanghai’s Lujiazui financial district in January 2019. China has recently been intensifying the role of state-owned enterprises. Photo: AFP