About This Source - CGTN
This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.
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CGTN published this video item, entitled “Explainer: Why China has so many state-owned enterprises” – below is their description.
China, the world’s second largest economy, has the largest number of state-owned enterprises (SOEs) in the world – over 150,000.
In many other countries, especially in the West, the number of SOEs is much smaller, normally in single digits.
So, why are there so many SOEs in China?CGTN YouTube Channel
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