PetroChina and Sinopec, two of China’s state-owned oil giants, spun off their pipeline assets into a new state-owned vehicle called PipeChina in the past year. Photo: Shutterstock
PetroChina and Sinopec, two of China’s state-owned oil giants, spun off their pipeline assets into a new state-owned vehicle called PipeChina in the past year. Photo: Shutterstock

Xi Jinping calls for China’s state-owned enterprises to be ‘stronger and bigger’, despite US, EU opposition

  • Beijing is eyeing more state-led monopolies after they were found to be most effective in complying with government demands during the coronavirus
  • President said state firms proved their value in ‘both pandemic control and industrial production’, but efficiency of China’s state sector remains an issue of contention

PetroChina and Sinopec, two of China’s state-owned oil giants, spun off their pipeline assets into a new state-owned vehicle called PipeChina in the past year. Photo: Shutterstock
PetroChina and Sinopec, two of China’s state-owned oil giants, spun off their pipeline assets into a new state-owned vehicle called PipeChina in the past year. Photo: Shutterstock
READ FULL ARTICLE