[coldtea]

>All major Chinese companies began as state owned enterprises

How come there are so many Chinese startup success stories then?

Those weren't "major companies" when they began...

[wolco]

They are funded by the state indirectly.

[georgeecollins]

Show me one that did not get some funding from a state enterprise. It is almost impossible to clear the bureaucratic hurdles without that. My source for this is “China’s Crisis of Success” by William H. Overholt.