China’s Communist Party is tightening its grip in businesses
Foreign investors are worried
It was a chilly afternoon in early February. In Yingshang, a town in the central province of Anhui, local bosses of more than 100 big private firms kept their jackets on as they took their seats behind rows of desks in a Communist Party meeting room. Three officials, flanked by red flags, sat on the dais before them to explain some new procedures. The businessmen were there to learn how to rewrite their company charters to specify a role for the party.
This article appeared in the China section of the print edition under the headline “Firm control”
From the July 8th 2023 edition
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