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  • Anarxist [comrade/them]
    ·
    edit-2
    3 years ago

    Yeah, and making rice noodles is obviously outside the commanding heights of the economy, which is what is under public ownership for their long-term NEP development model, so this isn't exactly a big revelation or anything to anyone who has been paying attention. State-owned enterprises still exist and compete with private enterprises, collective enterprises, and mixed enterprises outside the commanding heights in China, but a lot more private enterprise is allowed to exist in these non-strategic industries because it saves on monitoring and operational costs for the state and facilitates attracting more foreign capital and technology that China needs to develop. The NEP model certainly isn't immune to criticism, but if a developing country is going to use it as part of their development strategy, then it would be ridiculous for state officials to suggest that they want private enterprises to develop poorly and offer absolutely no support. They would just be sabotaging their own economy at that point. The headline would be more concerning if the state was instead privatizing actual public enterprises, which isn't the case. It just restates what we already know.