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![joequant Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::45808758.png) Joseph Wang PHD [@joequant](/creator/twitter/joequant) on x 1147 followers
Created: 2025-07-19 08:30:13 UTC

@GlennLuk Once you've put in the state as a profit-seeking shareholder, then the identity of shareholder whether state or private does not matter.  The big thing about the SOE reform is that it prevented the widespread looting and govt capture problems in other places.


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