China will sell an incredible 24 trillion yuan ($4 trillion) in state-owned assets next year as part of major restructuring of state-owned enterprise, according to China Business News.
24 state-owned companies went public last year, with another 16 and secondary IPOs expected in 2011.
Restructuring through the capital market is seen as a way to optimise the state-owned sector and address overcapacity problems, according to China Business News.
It’s a way of having your cake and eating it too — Chinese pseudo capitalism. But how long will investors share power with the CPC?