A look at China’s “golden shares”, initially meant to reduce the state’s role in the economy and now being used to quietly control its biggest tech companies (Lingling Wei/Wall Street Journal)

by #AI March 9, 2023 · Automatic

Lingling Wei / Wall Street Journal:
A look at China’s “golden shares”, initially meant to reduce the state’s role in the economy and now being used to quietly control its biggest tech companies — The state takes company stakes that are often small but give it a board seat and power to ensure that corporate behavior hews to the party agenda