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China's State-owned Companies Take Back Seat to Private Firms

The dramatic rise of China’s economy has come with dramatic shifts in the makeup of its economy. China’s leadership has enacted various reforms over the past 30 years to move away from the dominance of state-owned companies and allow private enterprises to flourish and create a consistent growth of the economy at roughly 7.5 percent a year. Despite the trend, much of the economic reporting about China has remained centered on large state-owned companies. In this conversation with VOA’s Jim...

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