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China’s Massive State-Owned-Enterprises to Grow Even Bigger

China recently launched a plan to take 112 of its massive, state-owned enterprises (SOEs) and merge them into 40 even bigger companies that they hope can be more competitive internationally. Are Chinese companies getting too big? But critics worry the plans for companies with assets that total about $6 trillion will just end up creating huge monopolies that do not perform any better than the current businesses.   China’s state-owned enterprises have long held a commanding...

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