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 CCP has used arbitrary rules and regulations to remove foreign competition from China, thus creating a hostile environment for foreign companies wanting to enter the Chinese market. International retailers such as Carrefour, Walmart, and Home Depot are leaving or have already left China.
