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Fear of adverse political reaction is making Chinese firms more cautious and pushing Beijing to tighten control of state enterprises seeking resources deals.
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Even when Brazil privatized $100 billion of state enterprises in the 1990s, the government kept majority control over Petrobras.
Hundreds of state enterprises were privatised.
President Lukashenko has steadfastly opposed the privatisation of state enterprises.
He certainly had ambitions for it, dreaming of a Nobel prize even though there is none for mathematicians.As the Soviet Union collapsed he turned his tirelessly analytical mind to business, "optimising" his political contacts to gain control of old state enterprises and creating a mammoth empire spanning media, oil and car-making.
Reducing the control of state monopolies and enterprises is a key element of many trade treaties.
In the 1970s and '80s, he also portioned out control over state enterprises to shifting networks of associates whose loyalty he needed.
Harder to believe is their claim that the state will loosen its grip, retaining a stake in only a handful of the largest ones, but not necessarily a controlling one.Selling state enterprises will be a colossal challenge.
And was it not his own cronies, those who reaped high salaries from controlling state enterprises or the main TV channels who were really the enemies of Russia?
True, the party today still controls the appointment of chief executives of large state enterprises as well as top officials at every level.
Privatisation of big state enterprises has stalled.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com