While Washington and Brussels complain about the unfair advantages enjoyed by Chinese state-owned enterprises (SOEs), Beijing insists that a powerful state sector is vital for China’s economy, but claims that it does not preclude economic fair play. Photo: Xinhua

China reaffirms commitment to state-led economy despite US pressure, after top Beijing policy meeting

  • Beijing reaffirms ‘public ownership’ is fundamental to China’s economic system in statements following fourth plenum this week
  • Top economic official promises to provide level playing field to all, including international firms, despite concerns over uneasy marriage of the two
Topic |   China economy

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While Washington and Brussels complain about the unfair advantages enjoyed by Chinese state-owned enterprises (SOEs), Beijing insists that a powerful state sector is vital for China’s economy, but claims that it does not preclude economic fair play. Photo: Xinhua
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.