In many critical industries, the government retains a significant share. "Right from the beginning, the Chinese government drew a line in the sand saying it would control the strategic sectors -- energy, transportation, basic commodities," says Zhang. In the end, he adds, the government will still retain control over the economy and the Chinese people.

Meyer estimates that private ownership will -- at most -- move from 30% of GDP to somewhere between 40% and 60% because of the government's determination to retain controlling stakes in key businesses. He suggests the government will always remain in control of the 100 largest firms in China.

http://knowledge.wharton.upenn.edu/article.cfm?articleid=1472&specialid=53