Which of the Following Statements About Corporate Governance in China

Which of the following statements about corporate governance in China is false?

A) The Chinese governance system may be tilting toward the Western model.
B) Private firms seek to establish political ties with the government to increase market value and avoid potential conflict between the principals.
C) The state still uses direct and/or indirect controls to influence the strategies employed by most firms.
D) Firms with higher state ownership tend to have lower market value and more volatility in those values over time.