Deals
Jockeying Begins as China's State Firms Brace for Shakeup
- SOEs said to seek talks with regulators over categorization
- Discussions said to intensify at this week's NPC gatherings
A China Railway high-speed train departs from the East Railway Station in Guangzhou, China.
Photographer: Forbes Conrad/BloombergThis article is for subscribers only.
About three years ago, one of China’s richest men couldn’t believe he was offered a large plot of floor space in London along the River Thames for 900 pounds ($1,260) a square meter, less than half one would pay in Beijing, as long as he paid the deposit in cash within seven days.
He did it in three.