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1、LoginRegisterMyaccountSubscribeDigital&mobileNewslettersRSSJobsHelpFridaySeptember2nd2011SearchWorldpoliticsBusiness&financeEconomicsScience&technologyCultureBlogsDebate&discussMultimediaPrinteditionPrivatisationinChinaComment(8)PrintCapitalismconfinedE-mailReprints&permissionsChine
2、secompanies,likecompanieseverywhere,dobestwhentheyareprivatelyrun.InChina,however,thestateisneverfarawayAdvertisementSep3rd2011
3、BEIJING
4、fromtheprinteditionIN1992twoChinesecities,onejustsouthofBeijing,theotherjustnorthofHongKong,wereindesperateshapeevenbythestandardsofadesperatelypoo
5、rcountry.Theirmunicipallyruncompanieswereindangerofbankruptingnotonlythemselvesbutthecitiestoo.Zhucheng,nearBeijing,wasbestknownasthebirthplaceofJiangQing,MaoZedong’sdespotic,doctrinairefourthwife,whodiedinjailin1991.Two-thirdsofitsrevenueswerebeingeatenbycorporatelosses.Shunde,asma
6、llcityinGuangdong,wasburiedindebt.Meanwhile,theauthoritiesinBeijingwerebecomingconcernedthatthestatebankingsystem,alreadycreakingundertheweightofbaddebt,wouldbeunabletobearevenmore.Withthequietacquiescenceofthecentralgovernment,ZhuchengandShundeignoreddoctrine,oldlawsand40yearsoffai
7、ledpoliciesinsearchofabetterapproach.Inacarefullyconstructedphrasesubsequentlyendorsed,in1993,bytheall-powerfulMostcommentedMostrecommendedStateCouncil,thetwocitiesengagedingaizhi,whichmeans“changingthesystem”andimpliesthediversificationofownership.Putmoresimply,inwordsthatevennowth
8、e1.Charlemagne:Amongthedinosaurs2.China'smilitarypower:Modernisationinsheep'sclothing3.Languagelearning:No,she'sforeign!4.Immigration:Letthemcome5.Climatescience(II):Cloudsinajar6.MartinLutherKing:Ablockheadedmemorial7.AnewleaderforJapan:AfishcalledNoda8.Wealthcreationandmacroeconom
9、ics:Theparasiteproblem9.Liveabilityranking:Melbournestorm10.Libya:ThebirthoffreeLibyaOverthepastfivedaysAdvertisementCorporateSponsorChinesegovernmentcannotbringitselftoutter,theystartedtoprivatisemanyoftheircompanies.TheythusbeganoneofRelatedtopicsExperienceTheButtonwoodGatheringth
10、eChinesestate’sfirs
