China’s leaders want the country’s industrial economy to gain increased value and competitiveness with a “mixed ownership” model, where private investors and the state jointly own companies. However, those goals can be achieved only if the state also cedes substantial control of mixed ownership enterprises to private investors, according to new research co-authored by Marshall W. Meyer , Wharton emeritus professor of management. Meyer and his co-author, Changqi Wu, a professor at the Guanghua School of Management, presented the findings of their research in a paper published last week titled, “ Making Ownership Matter: Prospects for China’s Mixed Ownership Economy .” The paper was published by the Paulson Institute at the University of Chicago, a research center focused on furthering Sino-U.S. collaboration. Meyer discussed the key takeaways from that research on the Knowledge at Wharton show on Wharton Business Radio on SiriusXM channel 111 .…