posted on Jul, 9 2014 @ 06:37 PM
originally posted by: TritonTaranis
Without a doubt much of China's big business is state owned by the government, from the oil, to banking, industrial, way more so than anywhere in the
world, of course not all of it is but the vast majority...
Not even close.
Less than 35% of Chinese corporations are SOE (State Owned Enterprises)...and it is falling fast.
Your average Chinese citizen is not a big SOE fan, and as they now make up the majority of Chinese business sales, Chinese corporations (and
government) have been forced to adapt.
Also, for the record, there is, currently, more SOE's in the EU than China.
I stand correct: SOE's now comprise less than 5% of Chinese enterprises.
edit on 9-7-2014 by peck420 because: (no reason given)