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Thread: The coming age of Chinese multinationals

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  1. #1
    Regular Member A5573A's Avatar
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    hehe, I don't expect that time will come in the short-term. Some (i would say, plenty of) managers of Chinese State-run enterprises still can not read a Balance Sheet.

    Ridiculous but True.

  2. #2
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    Quote Originally Posted by A5573A
    hehe, I don't expect that time will come in the short-term. Some (i would say, plenty of) managers of Chinese State-run enterprises still can not read a Balance Sheet.

    Ridiculous but True.
    True, The biggest problem with China's state-run companies is not their managers' illiteracy but corruption inherited from the CCP.

    But no need to be that pessimistic either, Private section has long overweighed state-owned section in China, and the scale is still continuing tilting to the private side.

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