Comment by kube-system

China's economic reform didn't quite embrace capitalism the same way many other places did. Their businesses still inherently do not have the same managerial independence that many have come to expect as normal in the rest of the world. While Chinese businesses are allowed to have some private control, the government still exercises control over "private" businesses when they decide they are important or large enough.

Imagine if all Fortune 500 companies were required to have Trump appointees on their boards. That would sound crazy here, but that's how things still work in China.