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China's Corporate Reform Yields a Different Kind of Profit

Aug 20, 2017 | 13:05 GMT
Fixing up China's state-owned enterprises (SOEs) has been on Beijing's to-do list for decades.

Over the past few decades, China's state-owned companies have racked up debt faster than they can pay it off.

(KEVIN FRAYER/Getty Images)

This isn't the first time Beijing has tried to fix the country's state-owned enterprises, nor is it the first time those efforts have failed -- at least, from an economic perspective. But the ruling party's motives aren't based solely in profit margins....

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