China Poly Group will absorb China Silk Corporation as part of a government restructuring plan. Photo: Weibo
China ignoring US demand for trade war reform by reinforcing state-directed economic model
- Beijing increasing the influence of state-owned enterprises as well as Communist Party intrusions into boardrooms of private companies
- Reforms of state-owned enterprises has been a key demand by US President Donald Trump during trade war negotiations, including the ‘Made in China 2025’ plan
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China Poly Group will absorb China Silk Corporation as part of a government restructuring plan. Photo: Weibo
