No More Private Enterprises in China? Giants Consistently Failing! CCP Aiming to Swallow Them Whole
To boost the private economy, the Beijing authorities started rolling out a series of preferential measures in July of last year. These include “31 Policies to Promote the Development of the Private Economy“ and “25 Policies to Support the Private Economy.“ Additionally, on December 28th, they passed the latest revised “Company Law of the People’s Republic of China,“ which takes effect on July 1st 2024. This revision is considered the biggest “economic reform“ by the Chinese Communist Party since the initiation of “Reform and Opening Up.“
In other words, medium to large-scale private enterprises in mainland China, typically defined as those with over 100 employees and total assets exceeding 80 million yuan, will find it exceedingly difficult to survive independently starting from this July. Their only viable option for survival is to seek affiliation with state-owned enterprises, a process known as “mixed-ownership reform.” State-owned enterprises can take controlling stakes or at least invest in them. Essentially, it’s like finding a “Sugar Daddy.“ However, deep down, they feel unwilling and resentful because nearly all previous cases of mixed-ownership reform have ended in failure.
#chinaobserver
All rights reserved.
1 view
10
2
4 weeks ago 00:03:00 1
ENHYPEN (엔하이픈) - No Doubt | Show! MusicCore | MBC241123방송
4 weeks ago 00:03:07 1
Delta Executor iOS iPhone Android NO KEY - Roblox Script Executor Mobile NEW UPDATE 2024
4 weeks ago 00:03:04 1
Bach, Organ Sonata No. 4 in E minor (BWV 528) 3. Un poco Allegro.
4 weeks ago 00:12:48 1
The Brand New STIHL MS400.1! WHY is this CHAINSAW different?
4 weeks ago 00:05:32 1
Queen - Bohemian Rhapsody (Live at Rock Montreal, 1981) [HD]
4 weeks ago 00:04:49 1
Play To Earn🔥This New Play to Earn Game is About to Make a Lot of People RICH
4 weeks ago 00:03:02 1
SPX Options Trading : Strategies for Big Gains!
1 month ago 00:00:00 1
The Bloody Beetroots - This is Blood feat. N8NOFACE & Teddy Killerz (Official Music Video)
1 month ago 01:04:50 1
ANA VIDOVIC - LIVE CONCERT - LAMBRECHT – CLASSICAL GUITAR EVENTS
1 month ago 00:02:51 1
🎵OVERWATCH: No Mercy - The Living Tombstone 🎵
1 month ago 00:03:50 1
Vana - BEG! (Official Music Video)
1 month ago 00:03:57 1
Don Toliver - BROTHER STONE (FEAT. KODAK BLACK) [Official Music Video]
1 month ago 00:01:18 1
ORIVISION New Launch - 4 Channels HEVC HDMI Encoder EH1304
1 month ago 00:25:43 1
Low Impact CARDIO (No Jumping, No Equipment Workout)