Lishu

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Updated: Aug 20, 2021

(In Chinese: ‘belonging to’, or ‘subordinate to’, or ‘controlled by’.) The affiliation of a firm in China with the government at the central, provincial, and state-owned enterprises and involve administrative control, as and state-owned enterprises and involve administrative control, as well as support and subsidies from the government.

Reference: Oxford Press Dictonary of Economics, 5th edt.



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