Sinopec Oilfield Service seems set to post a loss of 16 billion yuan for 2016. Photo: EPA

Massive loss by China’s Sinopec unit raises tough questions on state owned enterprise reform

Bloated business seems typical of slow-changing SOE bureaucracy

Topic |   State-owned enterprises

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Sinopec Oilfield Service seems set to post a loss of 16 billion yuan for 2016. Photo: EPA
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