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
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