On the eve of the twentieth Chinese Communist Party (CCP) Congress, authorities accelerated the construction of nuclear power stations, the energy base to support CCP-controlled mega corporations intended to outcompete their global peers.
“It is an attempt of the CCP to create industry giants through state monopoly, and to participate in global competition,” Shi Shan, a U.S.-based Chinese political and economic affairs expert, told the Hong Kong edition of The Epoch Times.
The CCP’s desire to control China’s major industrial enterprises was articulated in the “Three-Year Action Plan for the Reform of State-owned Enterprises,” adopted on June 30, 2020. The action plan aimed to promote the restructuring of state-owned assets and enhance CCP control….