What industries in China are privatized, and which are state-owned?

Question

I know of certain instances in which there exist Chinese "entrepreneurs" in charge of major sections of industry. Is this possible within the communist framework of the country? Are these men simply government employees with good positions or are these merely affluent, self-made, independent and private individuals?

Answer 1

I know that China gave state assets to certain individuals to see what they could make of them. One person was given all the pay phones in China. That person is now a millionaire and there are now lots more pay phones in china.

An essay in Harper's said that the military there is required to raise money to feed their troops by using their assets. The narrator's base used land to provide rental kiosks to local merchants. he said they also sold water-skiing from military ships and the firing of weapons. For the first time, he said, everyone eats well. He also said he has betrayed everything he was taught.

I'd like to know more of what's going on there.

Answer 2

Wealth is often complicated to describe. in terms of human beings who've and stay thrilling and fulfilled lives, individuals are richer than every person els, yet truthfully tangible wealth is complicated to verify from usa to usa. as an occasion, in WW2 Britain paid the U.S. in truthfully products such whiskey, or advertising belongings or businesses, to pay for American weapons. 'Why no longer pay in pounds Sterling' you may ask, because of the fact regardless of being the richest usa interior the international on the time, Britain's Pound forex became into valueless as worldwide forex, something to do with the suited on the time. The richest usa interior the international right now is in all probability Norway or Saudi Arabia.

Answer 3

affluent., good position ex military self made independents with goals to be accomplished

Answer 4

It is a communist county. They all are state owned. The people are state owned.