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...A version of this article was first published by Nikkei Asia on May 12. ©2022 Nikkei Inc. All rights reserved....
...China may be overinvesting in new coal generation, but the key marker is less that these plants are unprofitable for the SOE owner, but rather that China Inc has better alternative power investments to make...
...Data from WisdomTree show the average EM non-SOE has generated a return of 33.1 per cent since the start of 2008, while the median SOE has lost 26.7 per cent, depicted in the first chart....
...A version of this article was first published by the Nikkei Asian Review on April 12 2020. ©2020 Nikkei Inc. All rights reserved....
...“This whole recapitalisation, it eases concern over whether Air China is going to take over Cathay and turn it into an SOE,” a financial researcher told the FT’s Primrose Riordan....
...Mr Thohir has since slapped a moratorium on the creation of new SOE subsidiaries....
.... @2020 Nikkei Inc. All rights reserved....
...Additional reporting by Zach Coleman A version of this article was first published by the Nikkei Asian Review on February 7 2020. @2020 Nikkei Inc....
...An SOE that defaulted last year in Xinjiang — another huge, sparsely-populated region in western China — was a similar hybrid between operating company and financing platform....
...His replacement, Soe Win, hails from a private accounting company. Soe Win, 79, has extensive international experience and is said to have a good grasp of finance....
...(FT) Investors take on Germany Inc Bayer recently endured a rebellion unprecedented in German corporate history, with shareholders delivering a vote of no confidence....
...He is one of China’s best-regarded SOE managers and, unlike Mr Ren, can converse comfortably in English....
...The reasons for the lacklustre SOE showing in China, which is mirrored in SOE underperformance worldwide, are familiar to Beijing policymakers who have wrestled with low effciency, overstaffing and misallocation...
...But investors say that in practice, Chinese SOE boards lack authority....
...Additional reporting by Nikkei Yangon Bureau Chief Yuichi Nitta A version of this article was first published by the Nikkei Asian Review on September 5, 2018. ©2018 Nikkei Inc. All rights reserved....
...Purely business decisions that once might have been handled by division managers within an SOE are getting routed through the party hierarchy instead, leading to frustrating delays at the operational level...
...After three decades in which China Inc was given ever greater autonomy at home and abroad, that liberalising trend is decisively over....
...Waskita is just one example of an SOE that has taken on more risk during the Widodo era....
...And the BAT were all corralled into stumping up cash for telecoms SOE China Unicom — a sort of national service, or tax, to at least slightly redistribute the spoils....
...This may have mattered less before China Inc spread its wings. “Beijing could afford to be unpredictable back in the early age of economic opening up,” says Ms Yu....
...“For SOEs, there is a balancing out of those that are focused on domestic reorganisation resulting from SOE reform and those that are still doing overseas deals.”...
...But are European or US antitrust regulators doing what it takes to get to grips with who really controls Chinese SOE acquirers?...
...Concerns surrounding SoE outward acquisitions take several forms....
...Now you have a Chinese SOE acquiring one of those foreign companies.”...
...But 1998 was also a year of more than 30 million SOE workers being laid off, bad loans being as much as 40% of GDP and plunging economic growth....
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