China state enterprises going under by the hundredChina state enterprises going under by the hundred
“BEIJING, Aug. 31 ? More than 2,000 Chinese state-owned enterprises will go bankrupt within five years as state-sector reforms sweep away inefficient business practices, the China Daily said on Monday.”
“”This is an important step in the country’s state-owned assets restructuring process,” the newspaper quoted an anonymous official as saying.” -sounds like business competition is working. Go small business Go! -ed.