Summary | Beijing's recent order that state-owned enterprises
cut executives' salaries is sending a mixed message. The
administrative cap on pay is at odds with government efforts to
make state firms more market-oriented, but nonetheless the
reform seems to have received little resistance so far.
cut executives' salaries is sending a mixed message. The
administrative cap on pay is at odds with government efforts to
make state firms more market-oriented, but nonetheless the
reform seems to have received little resistance so far.
blogs.wsj.com | 12 December 2015