Why would it do that?
China is currently trying to -privatize- state held assets.
Why would it do that?
China is currently trying to -privatize- state held assets.
To be fair, the military itself was told to give up all business interests in the 1990s and many generals were jailed for trying to evade the ban. Many of these "privatized" corporations at the strategic level are in fact controlled by various holding companies which are controlled by various levels of government and are managed by people who happen to have Party experience.If by privatize you mean held by corporations whose ultimate main investor is the Chinese military then yes it is trying to privatize.
Same tactic used by the Japanese and South Korean governments - market access in exchange for technology transfers.In reality what the Chinese do is tell corporations, such as GM "Sure, you can build in China; by the way you'll partner with a Chinese "corporation" (ie- the Chinese military) and they'll get to see your plans and intellectual property and you'll train our people". They don't need to privatize any factories, the factories are already partly owned by the Chinese government.
All of these so-called hardliners have vested interests in private property (their extended family having mansions and shareholdings/directorships of major companies, their supporters having the same interests, etc). They also know that nationalism needs to be controlled - so anti-Japanese protests are okay, as long as Japanese-owned businesses where their friends own a stake aren't attacked.Hardliners coming to power, a burst of nationalism, ect.
If by privatize you mean held by corporations whose ultimate main investor is the Chinese military then yes it is trying to privatize.
In reality what the Chinese do is tell corporations, such as GM "Sure, you can build in China; by the way you'll partner with a Chinese "corporation" (ie- the Chinese military) and they'll get to see your plans and intellectual property and you'll train our people". They don't need to privatize any factories, the factories are already partly owned by the Chinese government.
There's a pretty big difference between the government as an investor and the government owning a corporation, namely that an investor means that the corporation could be and are traded publicly and those corporations are going to be partially privately owned.
Chery, a Chinese automobile company, is state owned. Not just the state as an investor.
non chinese held assets in china,
Why would it do that?
China is currently trying to -privatize- state held assets.
One thing doesn't necessarily exclude another. They just could resell (or even give away, whatever) the seized foreign assets to the more loyal and controllable Chinese nationals.
As for why, they may go full Putin style: "F*** economy, I want muh POWAH!!!111" And of course they might try, switching to supplying the enormous and barely tapped internal market, if/when the offended side pushes for an embargo or prohibitive tariffs on Chinese goods.
They could do command capitalism to get rid of oligarchs
Recent history such as in Egypt proves in developing countries this move actually generates growth
Now for China that's a misnomer because there's currently rapid growth and they wouldnt get any population pressures settled from new Maoism
They could do command capitalism to get rid of oligarchs
Recent history such as in Egypt proves in developing countries this move actually generates growth
Now for China that's a misnomer because there's currently rapid growth and they wouldnt get any population pressures settled from new Maoism
One thing doesn't necessarily exclude another. They just could resell (or even give away, whatever) the seized foreign assets to the more loyal and controllable Chinese nationals.
As for why, they may go full Putin style: "F*** economy, I want muh POWAH!!!111" And of course they might try, switching to supplying the enormous and barely tapped internal market, if/when the offended side pushes for an embargo or prohibitive tariffs on Chinese goods.