China Mobile's Offshore Play

Turning a state enterprise into a commercial company is never easy, yet the mainland is taking the former government department abroad

There's nothing more difficult than trying to turn a government enterprise into a competitive business. It not just a telecom problem: government trophy firms in passenger aviation, aerospace and toll roads that do not come to grief inevitably require a hefty taxpayer bailout.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.