My understanding is that the Chinese government prefers to have multiple successful companies in each field and they don't like it when one company becomes too powerful.

State run is better than a private for profit monopoly or few-o-poly which is what we get.

People all over the world have often revolted to get some enterprises state run (nationalizing) and were often punished or even bombed for it.

But those are mostly companies who provide a public service, or am I wrong?