China’s state-owned business reform a step in the wrong direction

When a mix of Chinese privately owned and state-owned companies came together in August to buy shares in China Unicom’s $11.7bn offering, Beijing heralded it as another milestone for reform of country’s state-owned enterprises. It certainly marks another step in the blurring of the line between private enterprises in China and SOEs. Sadly, the blurring is in the wrong … http://on.ft.com/2z3rKdR

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