China is ignoring the US by reinforcing state-directed economic model

Author: Eamonn Sheridan | Category: News

A key demand by US President Donald Trump during trade war negotiations is for reforms of state-owned enterprises in China

Not happening.
This via the South China Morning Post on moves in China to strengthen its state-directed economic model 
For example: 
  • State-owned Assets Supervision and Administration Commission (SASAC), which directly supervises more than 50 trillion yuan (US$7.3 trillion) of state assets, announced that China Poly Group, one of the industrial giants under its scope of influence, would absorb China Silk Corporation as part of a government restructuring plan.
  • In the first half of this year, controlling stakes in at least four listed firms, including Hainan Strait Shipping and Maanshan Iron & Steel, have been shifted from local governments to the SASAC.
And, the list goes on. Worth having a read for background, SCMPP may be gated but here is the link

A key demand by US President Donald Trump during trade war negotiations is for reforms of state-owned enterprises in China

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