Xi Jinping’s Subtle Strategy to Control China’s Biggest Companies

The Chinese state is increasingly acquiring stakes in China’s private companies, enabling it to make sure they hew to the party agenda

Chinese state takes stakes known as golden shares, which are often small but give the government a board seat and power to ensure that corporate behavior hews to the party agendagreg baker/AFP/Getty ImagesIn its uneasy dance with China’s private sector, the Communist Party is moving away from a public battle with some of the country’s biggest companies. Instead, it is inching toward a quieter form of control.

At the center of the effort is a push by various levels of government to take stakes in the private companies that have long driven Chinese innovation and job creation.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Born-again AC Cobra gets subtle design tweaks, 654-hp supercharged V8 - AutoblogEngland-based AC Cars rebooted the emblematic Cobra with a subtly updated design and a Ford-sourced V8 supercharged to 654 horsepower.
Read more »

Cha Seo Won And Gongchan Exude A Subtle Romantic Atmosphere In “Unintentional Love Story”Cha Seo Won And Gongchan Exude A Subtle Romantic Atmosphere In “Unintentional Love Story”
Read more »

Top US high school collaborated with Chinese state military-affiliated institutionEXCLUSIVE — The top public school in the United States received hundreds of thousands of dollars from groups tied to China’s military.
Read more »

Elite US high school took more than $1M from Chinese state-tied groupsA Virginia public high school ranked among the best in America has raked in hundreds of thousands of dollars from entities linked to the Chinese state since 2014 as part of an ongoing fundraising c…
Read more »

Semafor partners with Chinese Communist Party-linked think tankSemafor, the five-month-old news startup, is drawing criticism in the U.S. for partnering with a think tank in China that is known to have close ties to the Chinese Communist Party.
Read more »