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

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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
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