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Submitted by Gao Xu on
Hi Raj, thanks for your comment. I can see there are two misconceptions on the data definition here: (1) The National Economic Census data covers all the enterprises in the secondary and tertiary industries, which is more broader than the industrial enterprise survey data used in the charts of this blog post. (2) The SOEs defined in the National Economic Census is much narrower than the definition I used in the post. Those share holding companies with the state being the biggest share holder are not categorized as SOEs in the National Economic Census. But in my post, these firms are counted as SOEs. Hence, the 143,000 in the National Economic Census is the number of firms solely funded by the state (excluding share holding enterprises controlled by the state) in the secondary and tertiary industries. The 154,000 I reported in the post is the number of firms controlled by the state (including share holding enterprises) in the secondary industry. So, you calculation is not correct.