Northeast China is home to many state-owned industrial giants. Photo: Reuters

Economic improvement in China’s northeast rust belt is just skin deep as state firms continue to bleed

  • Liaoning reported 6.1 per cent growth in the first quarter of 2019
  • But its state-owned industrial giants continue to haemorrhage funds
Topic |   China economy

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Northeast China is home to many state-owned industrial giants. Photo: Reuters
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