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OUR oppression of the proletariat, comrade! (infosec.pub)

submitted 7 months ago by PugJesus@lemmy.world to c/tankiejerk@lemmy.world

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[–] PugJesus@lemmy.world 4 points 7 months ago* (last edited 7 months ago) (1 children)

public ownership dominates the economy,

... the majority of China's GDP and employment is produced by private companies; many of the state enterprises in the remainder offer stock and dividends to private investors like private companies do.

and a stock market does exist, but what it does I can’t tell you.

... it trades in ownership of firms.

[–] baguettefish@discuss.tchncs.de 0 points 7 months ago

I do know that stock markets trade in the ownership of companies, but to what end it's being used or whether it has any interesting features I can't tell you. I didn't know about the GDP, but I was going from the top 100 Chinese company's public ownership share (the majority of top 100 companies are majority state owned, plus an additional ~15% that's classified as mixed ownership, between 10% to 50% state ownership). that's a bit misguided of me and I apologize.