An engineer on a bicycle checks pipelines at an oil refinery of the state-run China National Petroleum Corp – now the world’s fourth-largest company, according to the latest Fortune Global 500 list. Photo: ReutersAn engineer on a bicycle checks pipelines at an oil refinery of the state-run China National Petroleum Corp – now the world’s fourth-largest company, according to the latest Fortune Global 500 list. Photo: Reuters
An engineer on a bicycle checks pipelines at an oil refinery of the state-run China National Petroleum Corp – now the world’s fourth-largest company, according to the latest Fortune Global 500 list. Photo: Reuters

China’s state-owned giants given new order: create global industrial champions

  • Head of central government agency in charge of supervising China’s state-owned assets calls on biggest state firms to lead the charge in creating world-beating companies
  • While Beijing has downplayed its ‘Made in China 2025’ industrial plan since the start of the trade war with the United States, the initiative’s spirit lives on

Topic |   China economy
An engineer on a bicycle checks pipelines at an oil refinery of the state-run China National Petroleum Corp – now the world’s fourth-largest company, according to the latest Fortune Global 500 list. Photo: ReutersAn engineer on a bicycle checks pipelines at an oil refinery of the state-run China National Petroleum Corp – now the world’s fourth-largest company, according to the latest Fortune Global 500 list. Photo: Reuters
An engineer on a bicycle checks pipelines at an oil refinery of the state-run China National Petroleum Corp – now the world’s fourth-largest company, according to the latest Fortune Global 500 list. Photo: Reuters
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