China’s government is more involved to large-scale businesses.
According to the World Economic Forum website:
China is home to 109 corporations listed on the Fortune Global 500 - but only 15% of those are privately owned.
https://www.weforum.org/agenda/2019/05/why-chinas-state-owned-companies-still-have-a-key-role-to-play/
According to the World Economic Forum website:
https://www.weforum.org/agenda/2019/05/why-chinas-state-owned-companies-still-have-a-key-role-to-play/