SHANGHAI -- The suspension of Ant Group's much-awaited stock market debut, reportedly at President Xi Jinping's behest, is only one sign of the Chinese government's increasing domination of private-sector companies.
Scrapping of Ant IPO comes amid squeeze on private sector this year
Guards stand outside the Great Hall of the People in Beijing. © Reuters
SHANGHAI -- The suspension of Ant Group's much-awaited stock market debut, reportedly at President Xi Jinping's behest, is only one sign of the Chinese government's increasing domination of private-sector companies.