As China’s autumn meeting on decisions for the next five year looms, private capital has clearly brought to heel and is deployed to support the state economy, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to the South China Morning Post. “State enterprises are guaranteed a “dominant” role in the economy,” Kroeber said
Category Archives: China Unicom
State-owned companies are getting a stronger grip on the economy, at the expense of private capital, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, at the New York Times. The major investment of major tech firm in China Unicom was just the latest move.
The new iPhone will be available in China in the coming days, but it is no game-changer, warns business analyst Shaun Rein at Bloomberg. “They have to make better phones than Samsung, otherwise they might just follow Nokia.” At the bottom-end Lenovo and Xiaomi keep the market occupied.