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A look at China's "golden shares", initially meant to reduce the state's role in the economy and now being used to quietly control its biggest tech companies (Lingling Wei/Wall Street Journal)

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Lingling Wei / Wall Street Journal:

A look at China’s “golden shares”, initially meant to reduce the state’s role in the economy and now being used to quietly control its biggest tech companies  —  The state takes company stakes that are often small but give it a board seat and power to ensure that corporate behavior hews to the party agenda



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