Are Chinese companies arms of the state?

The days of tightly controlled state economy are gone in China – but are they returning? In recent months, Chinese companies from Huawei to TikTok have caused concern in the West for fear that they don’t really work for shareholders or themselves – but for Beijing. On this episode, I speak to Duncan Clark, a China expert who advises western investors on the Chinese economy, and author of Alibaba: The House That Jack Ma Built. So how independent are Huawei, TikTok and even Alibaba? More than you may think – but less and less so these days.