New guidelines for state-owned enterprises will affect companies such as Pingmei Shenma Group, an energy and chemicals concern in Baofeng County, Henan province. Photo: Reuters

Beijing directs state firms to ‘perform like normal enterprises’ after trade partners’ complaints

The new guidelines – coming after criticism of China’s ‘market distortions’ by the US, EU and Japan – depart from a policy of making state behemoths ‘bigger and stronger’

Topic |   China economy

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New guidelines for state-owned enterprises will affect companies such as Pingmei Shenma Group, an energy and chemicals concern in Baofeng County, Henan province. Photo: Reuters
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Frank Tang

Frank Tang

Frank Tang joined the SCMP in 2016 after a decade of China economy coverage and government policy analysis.

Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.