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The article focuses on China's state-owned companies and the shift in valuation principles that prioritize social contributions and economic impact over profits. Topics include the revaluation of China's state-owned firms, the challenges in assessing their intrinsic values, and the alignment of this approach with the concept of sacrificing profits for economic growth.

The article discusses political and economic issues in China, particularly the operation of the companies called local-government financing vehicles (LGFV). Also cited are the issue of conflict of interest facing the officials of LGFVs, the move by the Chinese central government to address possible corruption of LGFV officials, the role of LGFVs in promoting economic growth, and the issues about their debts.

The article focuses on emerging market economies not helped by interest rate rise of America, and mentions peal of Commodity Index after Russia's invasion of Ukraine. Topics discussed include depressed profit in Russia despite economic growth, shares of the index made by Africa, South Korea and Taiwan, and annual returns offered by state-owned firms.