Re: Terminology
Not exactly. Combine or Kombinat was a common name describing a state run enterprise in communist countries - comrades wouldn't dare calling such organisation "a corporation" that would be a blasphemy. Since the fall of Soviet Union, however, it was no longer "cool" to advertise to the world who you really are as a state, so probably that's why China adopted capitalist terms into where they were most fitting. I find it funny, but unfortunately many people still believe their "companies" are the same thing like companies in the west.