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Explainer: Why China has so many state-owned enterprises

Published on 11 Oct 2021 / In News & Politics

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China, the world's second largest economy, has the largest number of state-owned enterprises (SOEs) in the world – over 150,000.
In many other countries, especially in the West, the number of SOEs is much smaller, normally in single digits.
So, why are there so many SOEs in China?

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