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In latest a long time, states modeled a few of their property and enterprises after business enterprises. In 2003, for instance, the People’s Republic of China modeled 80{c2ca4c949abcc8af66a4598a153309cc05cf8035724cc3b2d3857ba94296c60b} of its state-owned enterprises on a company-kind administration system. 25 Many state establishments and enterprises in China and Russia have transformed into joint-inventory firms, with part of their shares being listed on public inventory markets.

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