Even if an SOE is an economic failure, its leaders face no real consequences, as many of them are given posts at non-SOE government agencies. Equally, there’s no benefit for them if a SOE runs very well.
The series of political ‘black swans’ in 2016, including Britain’s planned withdrawal from the EU after a referendum and Donald Trump’s victory in the US elections, stem from a resurgence of populism.
Over the years, heavy industry, the relentless growth of dams and irrational land use have made the Yangtze River, China’s longest waterway with a length of over 6,000 kilometers, one of the most polluted rivers in the world.
From the end of 2016 to early 2017, many cities across China were hit by severe air pollution.
According to statistics from the China Automobile Dealers Association, the sales volume of second-hand vehicles hit 10.39 million in China in 2016, up from 251,700 in 2000.
The total value of China’s imports and exports in January increased by 19.6 percent year on year, according to the General Administration of Customs (GAC), the country’s customs authority.