Saved for later. Ive been curious to find out more about China since internet types have been leaning extra hard on them lately to attack anybody left of Biden.
They love bringing up tiananmen square, but I definitely don’t have to reach 35 years back to dredge up US and capitalist evils lmao.
Interesting. I’m curious to hear critique on the author’s arguments if anyone’s got the time for it. Most of what they say sounds somewhat substantiated but I don’t know enough to judge whether there are any glaring omissions. One thing that’s obvious is that the share of state-owned enterprises has steadily decreased over time even if it’s still a quarter of the economy.
As he highlights, it’s key to focus on the sectors dominated by State-Owned Enterprises (SOEs), which form the backbone of China’s economy. Another significant aspect is that the government maintains substantial direct control over private sector entities as well. Additionally, cooperative ownership structures within the private sector are more prevalent than often acknowledged, with Huawei serving as a noteworthy example.
