l“What keeps you up at night?,” U.S. President George W. Bush asked his Chinese counterpart in 2006.   Creating 25 million jobs a year, Hu Jintao replied. The Communist Party’s deep concern about social stability and employment explains why China’s sprawling state enterprises, from oil refineries and banks to airlines and even rocket builders, are tasked not just with economic development but also with keeping people employed.  So SpaceX’s ...

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