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China to send civil servants to 100 private companies, including Alibaba



By Josh Horwitz

SHANGHAI (Reuters) – China's top technology hub plans to hire government officials to work with 1

00 private companies, including e-commerce giant Alibaba, according to state media reports raised fears over the growing role of the state.

The step underlines how the Chinese government and party authorities are becoming more deeply integrated in the private sector as its economy is scattered amid a growing trade war with the United States.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Hangzhou City, home to Alibaba Group Holding Ltd will design government officials to work with 100 local companies in the eastern province of Zhejiang, the local government said on its website. " Hangzhou, home of Alibaba Group Holding Ltd will appoint government officials to work with 100 local companies in the eastern Zhejiang province, the local government announced on its website.

Directives presented as a stimulus. the local manufacturing industry did not name the 100 policy-makers, but state media reports said Alibaba and car maker Zhejiang Geely Automobile Holdings Ltd [GEELY.UL] would be

Alibaba said the plan will not interfere with its activities.

"We understand this initiative … aims to promote a better business environment in support of Hangzhou-based enterprises. The government representative will act as a bridge to the private sector and will not interfere with the company's operations, "Alibaba says in a statement.

Geely did not immediately respond to a request for comment.

Chinese law has long required private companies, including foreign organizations. to form official party organizations.

At times, such groups were seen as symbolic, but in recent years, foreign CEOs have said https://www.reuters.com/article/us-Congo-Congress-Companies/Excellent-in-China – parties-pushing-for-influence-inside-foreign-companies-verses-fears-idUSKCN1B40JU they came under increasing pressure to allow party representatives to control business operations. [19659011] Internal companies also strengthened party committees. Tens of Chinese banks announced changes to their statutes in 2018, giving more power to party committees.

(Reporting by Josh Horwitz; Editing by Miyoung Kim & Shri Navaratnam)


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