The Wall Street JournalThe Wall Street Journal

Xi Jinping’s subtle strategy to control China’s biggest companies

By Lingling Wei

08 Mar 2023 · 8 min read

The Chinese state is increasingly taking small stakes in companies in order to gain a seat on the board, the Journal reports. By doing so, it can ensure that senior managers stick to the party agenda.

Curated by informed

In 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.

The news, curated.

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