China's SASAC: spurring the shift to privatization or holding on?

Competing pressures have created a hybrid.

Last week, the chairman of the State-owned Asset Supervision and Administration Committee SASAC, Li Rongrong, started a whirlwind tour of China's three northeastern provinces, previously China's heavy industry base, but now mired in high levels of unemployment and poverty.

The visit has raised a typically subtle set of issues about the role of an entity, set up last year to bring order to what was becoming a pell-mell sell-off of state assets in the more...

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