Is China Rethinking the Dominance of Its State Sector?

People attend the closing session of the National People's Congress on March 13 in Beijing Photograph by Lintao Zhang/Getty Images

The dismal performance of China’s state enterprises, characterized by “falling returns, rising debt, and a loss of strategic focus,” according to a recent report by China research house GavekalDragonomics, is causing policymakers to question China’s longtime national champions strategy.

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