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The CEOs of China's SOEs are selected by the Communist Party's Organization Department according to political criteria, not by a corporate board of directors according to economic criteria. It is thus extremely risky to invest in such Party-controlled state enterprises.
Mar 13, 2015 04:48 PM
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In the 80s, I've worked in industries and factories as a visiting service engineer, according to my observation, much efforts were done in the modernization and updating of technologies and imports of foreign know-how, the Chinese have tried hard despite natural catastrophes and much unwanted corruptions... . A lot of leakage of monetary investments took place, but I still have hope that eventually after appropriate and effective rectifications have been made, China will continue to strive and flourish!
May 08, 2015 12:26 PM
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