Adolfo: Who do you work for? loan shop online website China has a related but different problem: its politicians control too much of the money themselves. Politicians and elites in China enrich themselves, their friends, and their families by managing and siphoning China Inc. — China’s state capitalist enterprise. Chinese industry is controlled by the state, and thus it’s the property of the people who run the state. Last year, state-owned enterprises and affiliated businesses accounted for over half of Chinese economic output and employment. There were 70 mainland Chinese companies on the 2012 Fortune Global 500 list; 65 of those were state-owned.