173 karma · joined July 26, 2018
Some are public. Some hide their identities (but serve similar purpose). Secret ones usually are used in dealing with foreign entities (i.e. non-mainland). So you may not even know there is one except if you are in the top management.
Their policy is trickling down gradually.
They recently inserted Commissars into a list of Hong Kong real estate companies. So even non-mainland chinese companies are not immune.
Major companies (e.g. Huawei, BABA, BIDU) are already "Party owned" (via some complex ownership structure to hide the party behind), or in the process of being transferred to Party owned. Note: Party owned, not state owned. In China, the Party owns the State, and the army. (Can you imagine Republican (or Democrats) owned the US Army?!)
You may start out as a "no-one-cares" startup business, but once you get to certain size or they recognize you as a potential unicorn, they will coerce you to give up part or all of your ownership or insert their Commissar, because the Party cannot stand anyone beside itself to have any influence.
It is the policy of China under Xi Jinping since he gained power, and we are now seeing the effect of it.
Not sure what kind of equivalency you are trying to make here.
What do you think the list would contain/not contain?
Trade is not just an economic issue. It's a political issue when you have China in the game.
They call it "China Dream".
I hope they don't say "Nathan Rich". ;-)
Yes they are good at amassing people to build infrastructural projects. But that is very different than having to convince people. The regime is hard-coded to do things with brute force.