An Analysis of State‐owned Enterprises and State Capitalism in China, By Andrew Szamosszegi and Cole Kyle. U.S.-China Economic and Security Review Commission, October 26, 2011
“Chinas economy is the worlds second largest national economy, a powerhouse in international trade, and a major destination for foreign investors. China not only has a private sector, but private entrepreneurs are allowed to join the Chinese Communist Party (CCP). China has not one stock exchange but two, and Chinese firms, including firms owned by the government, raise funds in international capital markets. Chinas state‐owned enterprises (SOEs) have restructured and several are among the worlds largest companies. SOEs are the subject of this study, which was conducted for the U.S.-China Economic and Security Review Commission. The conclusions below are based on an extensive review of data, books, and articles about the Chinese economy and SOEs.”
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