Joe Zhang is the author of "Party Man, Company Man: Is China's State Capitalism Doomed?" He was chief operating officer of state-owned enterprise Shenzhen Investment from 2006-08.
"When the facts change, I change my mind. What do you do, sir?"
Opinion
Hybrid capitalism is serving China well
What the West keeps missing when it maligns China's state-owned enterprises
The entrance of Vanke Mall in Zhengzhou, pictured in November 2020: The fact that the company has been given more autonomy does not make it a private-sector entity. © VCG/Getty Images
Read Next
Latest on Opinion
