China’s Coronavirus Response Toughens State Control and Weakens the Private Market

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China's state-owned enterprises led the fight against coronavirus. Their victory threatens prospects for an expanding market economy.

BEIJING—As China prepared to battle the coronavirus disease, President Xi Jinping ordered state-owned companies to step up “unconditionally, and at any cost,” according to officials briefed on the late January directive.

At the center of the outbreak in Wuhan, China State Construction Engineering Corp. conjured up more than 20,000 construction workers, engineers and others to build two hospitals. Other state enterprises provided power and construction materials. Within about 10 days, a 1,000-bed hospital and a 1,600-bed facility...

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WSJ keep making fake news for fun or what? People in China are really fight against COVID19 and under control now! Most of people are coming back to their normal life. Stop making up ridiculous stories! LISTEN TO YOUR HEART!

That's the reason that RomanRepublic could be ruled by Dictator for 6 months. One of those defeated Hannibal who was literally anteportas. Take home message: rule of pitrollers will end soon. Mob of the marketplace & its marionettes can't rule. But do Not expect socialism.

No grapes, sour grapes

fuckchina

Is it good or bad? Shouldn’t one value lives more than $$$?

China also turned to the Uighur slave trade. Because that’s the kind of thing the CCP do. Pure evil. ChinaVirus ChineseCoronaVirus COVID19

I really appreciate US free market spirit in costing one month in discussing who paying the test bill,saving the stock market but not the people,free-talk media full of wrong information such as 'flu'. Chinese just built hospitals in 10days and free all corona fees.

No one wants to be affected by the virus. Human beings should unite together to fight the virus and stop arguing!

Commies be commies

They did correct and right for this time.

How bad does the WSJ NOT want to be kicked out of China for them to post a tongue bath article like this on the Chineses governments response to the coronavirus?

Is the market economy absolutely right?

华尔街日报的文章水平越来越差了😱

The ones who find first this virus medicine and vaccine will be.

Are you kidding? The story of 'China State Enterprises Advance, Private Sector Retreats' is not something new. In China, every enterprise was/is/will be state-owned in any shape or form. Ask Alibaba's Jack Ma or Tencent's Ma Huateng.

Didnt they start the issue?

中国就是威胁市场经济,等你们美国过几天搞战时配给制,我等你写报道来喷。China-do-anything is an expanding market economy.. emmmm,I'll wait for you to write a report on the wartime rationing system in the US in a few days.maybe.

???扯犊子,中国民企和国企不出力,各国要的口罩找你买?

It is a worldwide emergency so every government should be clamping down

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Stock market news live: Coronavirus jitters send Dow swooning to worst-ever point loss, closes at near 3-year lowMarkets are in for another rollercoaster week, as policymakers continue to ramp up their response to the global coronavirus outbreak.
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