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The article discusses the Chinese government's reform to its state-owned enterprises (SOEs), including in regard to Chinese state capitalism and the creation of new state-asset management companies. An overview of Chinese leaders' perspectives on privatisation in the country, including its impact on profit and the influence of foreign investors in Chinese businesses, is provided.

The article focuses on the privatization of Chinese state-owned businesses and the hidden costs of state capitalism. It states that China retains control over businesses it considers strategic, such as transport, telecommunication companies, and banking. It mentions joint ventures between private foreign companies and Chinese state-owned businesses, and comments on purely private companies. It talks about problems with corruption and graft in state-backed enterprises.

The article focuses on the evolution of state capitalism. It talks about state-owned companies in Brazil, China and Russia in which the state is either a majority shareholder or owns a significant minority of shares. It mentions that privatization has mostly ceased in India and Brazil and comments on similarities of state-owned businesses to private corporations. It examines an increase in interventionism for state-owned businesses and warns that state capitalism could become crony capitalism.