this post was submitted on 02 Jun 2025
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[–] Cowbee@lemmy.ml 12 points 4 months ago (1 children)

The PRC is Socialist, the overwhelming majority of large firms and key industries are publicly owned, and the CPC has "golden shares" for medium firms so even those it controls. The rest, everything else depends on the publicly owned key industries, so they have to work on the terms of the public sector to do business.