The Economist. Dec 14, 1996, Vol. 341 Issue 7996, p87, 2 p. photograph
Government ownership -- China, Government business enterprises -- China, Socialism -- China, and Mixed economy -- China
China is trying to balance its socialist ideals with market economics in its government-owned businesses, to little or no avail. Virtually all of them are now losing money as their output falls and they are unable to lay off workers.