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Bling And Bureacracy: What’s Wrong With China’s State-Owned Companies

This image of the head of one of China's top real estate holdings flashing his Hermes belt lit up the Chinese Internet.
This image of the head of one of China's top real estate holdings flashing his Hermes belt lit up the Chinese Internet. Sceen shot from house.china.com.cn

Outrage in China over high salaries and low performance of top executives of state-owned enterprises exposes an entire system that responds to neither markets or the public interest.

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