China, investors now snub government-driven state-owned enterprises

“I’m not going to keep an investment just because the government says it’s worth doing. There are better investment opportunities than state-owned banks, which have neither growth potential nor independent management.” With these words, that the manager James Wu, based in Shanghai, he dictated to the Financial Times, better explains the trajectory of the Beijing government’s attempt to harness the markets and force them to bet on Chinese state-owned companies, invoking an evaluation system ad hoc for these socialist giants and alternative to the parameters of traditional capitalism.