The pivotal role of local governments in promoting their own economies means that each locality operates in a way like a stand-alone company. Localities promote investment, strong-arm banks for finance and often hold shares in the businesses themselves. In other words, they operate much like a company might. At the same time, the local party’s overwhelming powers within its own borders effectively make each district its own separate jurisdiction, with direct control over the courts and over local regulations governing business activities. According to this formulation, every jurisdiction is a
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