China’s mighty state monopolies cast a big shadow over private enterprise, but will antitrust law and vows of reform level the playing field?

Beijing’s latest measures to redistribute state capital in key sectors while enhancing the influence of state-owned enterprises (SOEs) are arousing concern in China’s private sector while also fuelling foreign suspicion about the return of state capitalism.Chinese officials, namely President Xi Jinping, have commented on the need to build bigger, better and stronger state firms. But some analysts say that may run counter to pledges of market-oriented reform in the state sector. In particular,…

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