Pedestrians walk past a Chinese national flag on an elevated walkway in Shanghai, China, on December 28, 2018. Photo: Bloomberg

China’s state-owned companies enjoy record profits, even as private sector flounders

  • Revenues and profits surge for China’s biggest state-owned industrial firms in 2018
  • Stellar performance of state sector contrasts with weak private sector and broad economic slowdown
Topic |   China economy

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Pedestrians walk past a Chinese national flag on an elevated walkway in Shanghai, China, on December 28, 2018. Photo: Bloomberg
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Amanda Lee

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.