PRIVATE IN NAME. BEHOLDEN BY LAW
Miami News-Digest OKLAHOMA BUSINESS REPORT PRIVATE IN NAME. BEHOLDEN BY LAW. How the Chinese Communist Party’s legal authority reaches through private companies, global supply chains, Borneo agriculture, and Oklahoma’s kratom and drug economy In American business language, a “private company” is ordinarily understood as an enterprise operating outside direct government control. That assumption cannot safely be applied to a company incorporated in the People’s Republic of China. Chinese businesses may be privately capitalized. They may compete for customers, earn profits, employ private managers, and have shareholders who are not government agencies. However, they operate within a political and legal system that explicitly places the Chinese Communist Party at the center of national authority, requires Communist Party organizations within qualifying companies, and commands organizations and citizens to cooperate with intelligence and counterespionage authorities. The re...