Posted inBeijing, China, European Union, Iran, Japan, Middle East, North Korea, Northeast Asia, World

China to accelerate reforms of state-owned ‘big beasts’

They tend to live off a diet of drip-fed state subsidies. Even today, many of China’s massive government-owned corporations are addicted to debt as they struggle to tap into new overseas markets. Fallout from the trade talks between Washington and Beijing about the ballooning deficit, and what the White House perceives to be “forced technology […]