In fact, one can make a solid argument that the CPC has not only looked to Wall Street to revamp its SOEs. But, on a grander scale, has looked to Wall Street as a model for enacting broad Party-state control over the economy: https://t.co/8U6UYuv7iR
...State investment as a mode of state intervention is conceptually distinct from both “state capitalism” and the “developmental state” in introducing new agents to distribute state capital to firms and new mechanisms by which states monitor and influence
Journal article here https://t.co/15LpBjzm9h