That is a common misconception and not true. You probably hear about some large state-run enterprises but >84% of businesses in China are private. Today there are several times more private businesses in China than in the US. I work closely with someone who owns their own business in Shenzhen and it doesn’t sound that different than in America.
There are no private Chinese companies.
That’s not really how it works, but for sure those balloons aren’t being used for the weather.
That is a common misconception and not true. You probably hear about some large state-run enterprises but >84% of businesses in China are private. Today there are several times more private businesses in China than in the US. I work closely with someone who owns their own business in Shenzhen and it doesn’t sound that different than in America.
https://bigdatachina.csis.org/can-chinese-firms-be-truly-private/