China has highlighted the fair treatment of all market entities in its new five-year economic plan, as it tries to reconcile development of both private and state firms and fend off criticism from foreign governments.However, Beijing’s emphasis of “better, bigger and stronger” as the guiding principle for state-owned enterprise (SOE) reform is likely to stir suspicion overseas and at home that government-backed firms could be given an even greater role in future economic development.“While…

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