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
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

Topic |   State-owned enterprises
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
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
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