Posted inChina, United States, World

Big is beautiful but not for China’s ‘walking dead’

Big state, big profits. If you take out the “zombies” feeding off a diet of subsidies to survive, state-owned enterprises appear to be walking tall across China’s industrial landscape. Last week, buried beneath a mountain of depressing data, was at first glance a set of stellar statistics with revenue and profits from about 90 major SOEs hitting […]