The state-owned enterprises reach beyond China’s borders.
China’s State-owned Assets Supervision and Administration Commission (SASAC) is perhaps the world’s most powerful business manager. With trillions of dollars in assets under its watch, this government body has oversight over 96 of the country’s biggest state-owned enterprises, including China’s oil majors, its telecommunications giants and its colossal chemical and shipbuilding operations.
SASAC was set up in 2003, to assume control of state firms from various state ministries and com
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When Joe Biden took office, many of his supporters thought the first order of business would be unwinding Donald Trump's trade war with China. But his trade czar, Katherine Tai, has been largely MIA, a stark contrast to her predecessor, the fiery and ubiquitous Robert Lighthizer. So what has Tai been up to?
The academic tells us why it's important to understand the Chinese leader's political beliefs and where they come from — as well as their shortcomings.
Navigate China's Business Landscape with Confidence.