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Those graphs are interesting. How does state ownership grow that quickly over that short a time? Are they just pouring money into nationalising industries? Massively growing state ones? Seizing bad 'uns? All of the above?

To be honest I am not sure. Wish they would have some explanation in this report but I couldn’t find anything.

Here is a report discussing the trend of public sector gaining ground vs private sector in China:

https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among