China to place government officials inside 100 private companies, including Alibaba

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China is to place government officials inside 100 private companies, including Alibaba.

State media reported over the weekend that the Hangzhou Municipal Government would transfer 100 representatives to "key enterprises such as Alibaba, Geely Holdings and Wahaha."The directive, which media said was part of the Hangzhou government's "New Manufacturing Plan," is reportedly an attempt to boost manufacturing and bolster the local economy in the eastern province of Zhejiang.

It is the latest strategy signalling the Chinese government's efforts to transform the country's economy. Its core strategy, Made in China 2025, aims to catch China up with its economic rivals in high-value industries such as robotics and aerospace.Hangzhou, an hour by train from Shanghai, is home to several of China's biggest companies. Alibaba's

 

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That's because big business needs to be closely watched and heavily regulated.

🧐🤔🔎👀💡

Add US startups that take money from Chinese firms. Can't complain about IP theft if you're that greedy or short-sighted.

Wow CNBC, do you have any more provocative headlines from three weeks ago you could tweet out today

But but the TV says Russia is our biggest threat 🙄

Timcook:I love to be checked,it feels so hot.tim_cook

Which local state media? Link for the source please.

They want to control everything, suxks to Have a business in China

That should Free those markets right up

Can have your cake and eat it. GDP goes down. And then what?

Actually there’s no private companies in communist China..!!

Just another good reason for American companies to pull out of China.

Fake news media 😅😅

Communist Government sticking their nose where it’s not wanted. They want to dip their hands in businesses and interfere to dig up any dirt from inside!

Very bizarre *cough*. SteveKerr SouthPark Jkylebass

They already did.

They have the same thing here in America. It's called the Senate and the House of Representatives. They are in bed with massive corporations. usa china

US Govt: not like us, we are land of freedom! Zuckerberg's Libra: err...

hjcdarkhorse1 They’re going to need quite a few inside Tesla. Elon is tricky.

Our mission at is to build the social media platform that ends fake news

Definitely should include NBA, Bloomberg, WSJ, Wapo, NYT, CNBC

Emperor Xi wants to control everything. Trump must stand up to China, not take money from them like the Bidens.

Sounds like the Soviet Commissars. Authoritarianism always descends to this. Inevitable.

Mitch Cox Enos

Tony Enos Watson

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Big brother is coming. Understand the threat. We have to stay tough on China

Mitch Alibaba Enos

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Because they’re control freaks

Mitch Figero Enos

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This will be horrible for Alibaba, JD, and pinduoduo + all the tech companies. Alibaba has so much potential too, very unfortunate. China chinazi Alibaba investing

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Quick somebody hide Facebook..

end for this companies

Mitch Conner Enos

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Aye aye aye

Mitch Adjei Enos

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Um......?

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What a horrible country to live in.

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ohhhh! so its official news now.

Is the NBA included, or just Chinese companies?

SteveKerr what’s your take on this?

Communism sucks

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