State-owned enterprises are China’s economic version of the giant vampire squid. The 20,253 industrial companies owned and controlled by the government soak up capital, and pay little out. Their costs are low and their bosses powerful. If China’s new leaders are serious about making households wealthy, they need to make these industrial giants behave more like normal companies.

><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'>SOE monsters</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>SOEs could be China

SOE monsters

SOEs could be Chinas economic vampire squid

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