The State-owned Asset Supervision and Administration Commission (SASAC) set the target for the enterprises under its direct control, including state-owned oil and electric companies, with China’s overall industrial profits shrinking and economy slowing. Photo: Xinhua

China asks state-owned ‘national champions’ to help ‘stabilise’ economy, boost profits by 9 per cent in 2019

  • The 97 industrial conglomerates under the State-owned Asset Supervision and Administration Commission have been asked to help offset the US trade war impact
  • In the first four months of 2019, the combined profits of China’s industrial enterprises fell 3.4 per cent compared to the same period last year
Topic |   China economy

TOP PICKS

The State-owned Asset Supervision and Administration Commission (SASAC) set the target for the enterprises under its direct control, including state-owned oil and electric companies, with China’s overall industrial profits shrinking and economy slowing. Photo: Xinhua
READ FULL ARTICLE
Zhou Xin

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.