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