SHANGHAI - China’s top technology hub Hangzhou plans to assign government officials to work with 100 private companies including e-commerce giant Alibaba, according to state media reports, in a move likely to raise concerns over the growing role of the state.
The step underscores how Chinese government and party authorities are growing more deeply integrated into the private sector, as its economy sputters amid an intensifying trade war with the United States. The directives, presented as a means to boost the local manufacturing industry, did not name the 100 companies subject to the policy, but state media reports said Alibaba and auto maker Zhejiang Geely Automobile Holdings Ltd [GEELY.UL] would be among the companies.“We understand this initiative... aims to foster a better business environment in support of Hangzhou-based enterprises.
You get it wrong,China just want state officials to serve the private firms especially the large enterprises.
Oops, chinazi has good title for this: Private property serves for public. Good news.
That's impossible
This won't be a signal that the state wants to control the private companies. Its real effect would be to facilitate government's service to the companies. It's completely a joke for a government official to influence a company's operation.
Congratulations! Foreign companies, you will be next.
Wow Jkylebass called this.
China's political system is best described as Socialism w/ Chinese Characteristics. Limited free enterprise for production of consumer goods & services, but close party control, or outright state ownership, of heavy industry. Central planning is no substitute for supply/demand.
Another number probably more shocking will be the CCP born immigrants sent to world for control the votes to take the government such as Canada! Students to take over the colleges influence the youth such as Australia!
No surprise. How disgusting it all is. Confirm the trapped feeling I had since long
As we all know, American enterprises must obey the orders and arrangements of the American government. Even if it violates business ethics, faces legal risks and even loses the interests of enterprises, they must comply with it. That's ridiculous!
History is always repeated itself. Nowhere you can keep always from them.
Jack Ma is also going to retire. This is the end of the CCP’s giving to you.
In China, state enterprises bosses must be member of CCP.
Foreign companies will be next. Better withdraw from the China market while you still can.
Carrie Lam just held a secret meeting with more than 30 senior managers from China's state-owned enterprises. Sources said Beijing just ordered these state-owned enterprises to gain TOTAL control over every strategic business sectors in HK. One country, one company. chinazi
China to roughly 100 Chinese state-owned companies, many of them listed, in Shenzhen meeting: We're going to need your help on Hong Kong. 'The business elites in Hong Kong are certainly not doing enough. Most of them are just not one of us.'chinazi
WangFan23859877
A policy meaning well (to better business environment as it originally wished) but ending nowhere. A product by officials lacking of knowledge and respect to the boundary of market and government.
their goal is private firms all of the world
one country, one firm.
jakejakeny
Is it a lie or a joke (China knows)
Another step of taking over a private firm by Chinazi state
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