News Analysis
Beijing’s consolidation of state-owned enterprises is picking up speed in its final stages. Experts say that this is a step backward and that the inefficient mega-state enterprises will only add to China’s economic decline.
Massive Concentration of State-Owned Enterprises Seen as a Way Out of Pressures for Chinese Policymakers
Experts say the gigantic central enterprise policy is a regression for China
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Workers at a Chinese state-owned factory in Shenyang, Liaoning Province, on May 31, 2000, produce shoes for a U.S. company. Goh Chai Hin/AFP via Getty Images
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