China's State Enterprises Told to Stop Investing in Vietnam
This article is for subscribers only.
It’s one more sign of how far China has to go before it starts treating its state enterprises more like normal commercial businesses, as its leaders pledged last November. Government-owned companies have been told to freeze temporarily any plans for new business in Vietnam, reports the South China Morning Poston June 9.
The government has temporarily stopped Chinese state-owned companies from bidding for fresh contracts in Vietnam,” the Hong Kong-based paper reported, citing several unnamed sources. “This is a sign that China is playing the economic card. How effective will it be? We will have to wait and see,” said Xu Liping, an expert on Southeast Asian relations at the Chinese Academy of Social Sciences.