President Xi Jinping has approved new plans to boost the prominence of state-owned firms. Photo: AFPPresident Xi Jinping has approved new plans to boost the prominence of state-owned firms. Photo: AFP
President Xi Jinping has approved new plans to boost the prominence of state-owned firms. Photo: AFP

China approves plan to boost prominence of state firms, despite complaints from trade partners

  • China has rolled out a three-year plan to boost the standing of state firms, despite complaints from trade partners these companies have unfair advantages
  • Analysts say the initiative is unlikely to significantly improve efficiency among the China’s 130,000 state-owned companies
Topic |   China economy
President Xi Jinping has approved new plans to boost the prominence of state-owned firms. Photo: AFPPresident Xi Jinping has approved new plans to boost the prominence of state-owned firms. Photo: AFP
President Xi Jinping has approved new plans to boost the prominence of state-owned firms. Photo: AFP
READ FULL ARTICLE