zlacker

52,000 sounds like a scheme to give government money to party members with plausible deniability.

Xi Jinping is not stupid (quite the opposite), he knows that 52,000 companies never had a chance. So it is not the real economy we are talking about.

>>kKewjG+(OP)
The Chinese never intended all the companies to succeed. They intended that the market would force bad companies to die. The point is to replicate the bank system or the tech system and have a few extraordinarily large players the central govt can control.

The very last thing this was intended to do was be a corruption scheme. Why does everything have to be a conspiracy these days.