"The government has become a monopoly company that invests in everything," says Zong Qinghou,...


"The government has become a monopoly company that invests in everything," says Zong Qinghou, China's 2nd wealthiest man ahead of the annual National People's Party meetings. His comments reflect the growing concern that - far from reform or rebalancing - "state capitalism" is dominating the economy as never before.

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Comments (3)
  • ebworthen
    , contributor
    Comments (2799) | Send Message
     
    Can you say Solyndra?

     

    Chevy Volt?

     

    Housing?
    5 Mar 2012, 07:55 AM Reply Like
  • ebworthen
    , contributor
    Comments (2799) | Send Message
     
    Can you say Solyndra?

     

    Chevy Volt?

     

    Housing?

     

    U.S.A.?
    5 Mar 2012, 07:55 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    If this is a phase leading to eventual sell-off of the successful companies, it could be a good thing. However, the alternative is government ownership in another form.
    5 Mar 2012, 11:35 AM Reply Like
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