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

China economy

Economy /  China Economy

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
Amanda Lee
Amanda Lee

Updated: 7:03am, 18 Jan, 2019

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