But even where the party has managed to gain a foothold in private and foreign-owned enterprises, its role is inevitably far less important.
Thompson also may tie the PNTR bill to legislation requiring greater transparency for stock and bond offerings by Chinese and other foreign government-owned enterprises.
The provincial government granted Zhejiang the exclusive right to construct and operate major highways in Zhejiang Province - which, as home mainly to township enterprises, private companies and foreign enterprises rather than rickety state-owned enterprises, enjoys a relatively healthy economy.
Foreign ventures rank just above state-owned enterprises, with a miserable 3%.
The government continues its efforts to reduce unemployment, to encourage direct foreign investment, and to privatize remaining state-owned enterprises.
In the components industry, as in many other industrial and consumer goods industries in China, there are hundreds, even thousands, of individual customers and competitors, which include state-owned companies, private companies and foreign invested enterprises.
Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997.
For China the changes mean difficulties in the short-term for state-owned enterprises that will now have to face up to competition from foreign companies.
The regime eased restrictions on foreign investment, lowered taxes, and sold shares in state-owned banks, utilities, department stores, and other enterprises.
Despite the power of its state-owned enterprises, it is taking incremental, but important, steps to liberalize the renminbi and give foreign companies greater access to its vast consumer market.
FORBES: China May Not Be A U.S. Ally, But It's Also Not An Adversary
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