China’s avoidance of market rules have given rise to bloated, wasteful and debt-laden state-owned enterprises that continue to be funded despite their lack of merit. An overhaul of these must be on tap to improve the country’s stagnating e
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The Worst Place In China To Do Business
In the provinces of Northeast China, the planned economy of the Mao Zedong era are still firmly in place.
For China’s State-Owned Enterprises, new reforms are aimed at linking senior management pay to the company’s performance.
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 […]