The Presidential Daily Brief


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    China to Place Government Officials in Private Businesses

    The Chinese tech hub of Hangzhou says its “New Manufacturing Plan” aims to accelerate projects and enhance cooperation by placing civil servants inside 100 private enterprises. But experts worry that China is strengthening its control over giants such as Alibaba, along with other major private companies facing increased government monitoring.

    What’s China’s motive? Besides hoping to reverse its economic slowdown, Beijing also wants to ensure the state-mandated Communist Party units embedded in each company are working effectively.

    Check out OZY’s original series on the next recession.

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