Private companies with Chinese characteristics? That's a new one. How come I'm not surprised.
“Zhou Xiaochuan, the former governor of the central bank, argued that state behemoths such as Sinopec or Industrial and Commercial Bank of China, should be treated as private entities because they were listed on the stock market.”......http://www.scmp.com/economy/china-economy/article/2167475/china-clashes-g20-business-lobby-group-over-support-state …
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What a tortured logic Zhou was espousing. The stock market itself was set up by the CCP as a gambling casino to siphon money from the public. He had the guts to use it as justification for treating SOEs as, what, POEs?
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