US Nobel laureate in economics ­Michael Spence says the blurred lines between the Chinese state and corporate world make it difficult to know where investment money is coming from. Photo: Bloomberg

US panel backs takeover ban for Chinese state-owned firms

With Washington heading in more hawkish direction, China must respond by opening up state companies to private investment, analysts say

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US Nobel laureate in economics ­Michael Spence says the blurred lines between the Chinese state and corporate world make it difficult to know where investment money is coming from. Photo: Bloomberg
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