[Marxism] China's public sector

Louis R Godena louisgodena at ids.net
Fri Oct 14 13:59:47 MDT 2005


Sorry;

Make that 750 *million* workers.

LG
----- Original Message ----- 
From: "Louis R Godena" <louisgodena at ids.net>
To: "Activists and scholars in Marxist tradition" 
<marxism at lists.econ.utah.edu>
Sent: Friday, October 14, 2005 3:35 PM
Subject: Re: [Marxism] China's public sector


> According to Forbes 
> http://www.forbes.com/business/2004/11/04/cx_1104mckinseychina6.html, 
> State-Owned Enterprises employed about half of China's 750 workers in 
> 2004. The figure is probably higher due to the opaque nature of China's 
> business laws.   This was underscored this past summer during CNOOC's bid 
> for UNOCAL when it was discovered that the former, an ostensibly "private" 
> concern, was actually 60% owned by a state holding company.   "Ownership" 
> in China, period, is a pretty dicey affair.
>
> Louis Godena
>
>
> From: "Prem K Govindaswamy" <govi0006 at umn.edu>
> To: <marxism at lists.econ.utah.edu>
> Sent: Friday, October 14, 2005 2:24 PM
> Subject: [Marxism] China's public sector
>
>
>>I have a question on China. What percentage of China's workers (every
>> worker who creates wealth included) workers for a publicly owned 
>> industry,
>> buisiness, corporation, banks, etc...
>
>
>
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