China's Hunan lesson
New policies could turbo-charge Chinese economic growth, says Zhang Jun of Fudan University.
In most countries privatization goes through the stock market. That's not the case in China due to a fear that the sell off of government shareholdings will cause share prices to collapse. So while SOEs have been listing, they only float around 25% of their shares, and their government controlled structure remains intact. Does that account for the relatively low profile of China's privatization experiment?
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