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An oft-asserted critique is that China's SOEs have a lower return on capital than private companies do, implying that the SOEs use resources less efficiently. It's true that the return on assets in the private sector was 7.6 percent versus 3.3 percent for SOEs in 2019, according to the National Bureau of Statistics. But the claim that this implies that these lower capital returns reflect poor efficiency is simply an inaccurate interpretation of economic theory.

Analysts have mixed views on the deal. Lincoln Kong from Goldman said Tsingtao would see benefits from collaboration with Fosun in areas including export business, premium branding and management incentives.

And Seattle? You rock! Seattle entrepreneur Dave Schappell took my first meeting when I was a wide-eyed “wantrepreneur.” Redfin CEO Glenn Kelman gave me the best advice ever: “You should’ve asked for more.” Zillow co-founder Rich Barton helped us grow in incredible ways this year. Author Tim Ferriss donated his birthday, raising 0,000 in 10 days to fight youth poverty.

Ando said that Kono will be visiting Jordan, Kuwait, Saudi Arabia and Egypt during his Middle East route after Qatar.

An overall plan should be made to "ensure the winning of the three tough battles," said a document released after a Political Bureau of the Communist Party of China (CPC) Central Committee meeting.