A file picture of smoke billowing from the chimneys of a factory in Dalian. Photo: Bloomberg A file picture of smoke billowing from the chimneys of a factory in Dalian. Photo: Bloomberg
A file picture of smoke billowing from the chimneys of a factory in Dalian. Photo: Bloomberg

Why China keeps bailing out ailing heavy industries

Debt dilemma reflects conflicting desires for prosperity that comes from free-market competition while ensuring state companies still dominate the economy

Topic |   China economy
A file picture of smoke billowing from the chimneys of a factory in Dalian. Photo: Bloomberg A file picture of smoke billowing from the chimneys of a factory in Dalian. Photo: Bloomberg
A file picture of smoke billowing from the chimneys of a factory in Dalian. Photo: Bloomberg
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