China’s New Way to Control Its Biggest Companies: Golden Shares
- Article
- Mar 8, 2023
- #China #PoliticalEconomy
The state takes company stakes that are often small but give it a board seat and power to ensure that corporate behavior hews to the party agenda.
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Michael Pettis @michaelxpettis
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Mar 8, 2023
1/2 Good article on the increasingly blurred line between the state and private sectors in China. The important point to recognize, in my opinion, is that this was not the result of a "political" or "ideological" decision so much as it is... [link] via @WSJ