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.
Tag: SOE
Recent cases of official malfeasance in China have been exposed not by newspapers but by reporters writing on their personal microblogs.
In the latest edition of Fortune Magazine“s “Global 500,” exactly 85 Chinese corporations have made the list. That’s an increase of 16 companies compared with last year. But let’s take a closer look at the numbers. Of the companies listed, 90% are stated-owned enterprises (SOEs), and just two of the new batch on the list […]