For most Western observers, state-owned companies are wasteful white elephants while private enterprise sets the standard for efficiency. A look at China’s large public sector giants, however, tells a different story, according to Wharton management professor Marshall Meyer. Even China’s entry into the World Trade Organization later this year or early in 2002 will not eradicate state ownership of major Chinese companies. Meyer shares the insights he has gained from research and visits with senior managers in more than 20 Chinese firms.
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