Hacker News Reader

Kinda. But I think the current Chinese model is actually much closer to how the USA used to work when there was competition with the USSR. Closer than the US of today compared to the 70s and 80s.

View on HN

The current Chinese model's basically you have fully publicly traded companies, companies who are either minority or majority owned by a certain provincial government and ones who are either minority or majority owned by the central government (although this is surprisingly rare outside of key areas like telco/banking)

Something like 60% of the top of 100 companies in China are entirely state-owned. Most of the rest are government stake

key industries are all controlled by the govn't

https://msadvisory.com/china-biggest-companies/

Look at this list - all the big ones here which are state owned are investment banks, petro companies and telcos.

Everyone else on the list (mainly internet companies, BYD, gaming, and B2C sales/distribution) is privately owned.

The US never owned a brewer, an airline, the major defense giants, etc.

"Air America was an American passenger and cargo airline established in 1946 and covertly owned and operated by the Central Intelligence Agency (CIA) from 1950 to 1976."

https://en.m.wikipedia.org/wiki/Air_America_(airline)

Reply on news.ycombinator.com