State-owned oil refiner Sinopec was high on the list of China’s most unprofitable companies last year. Photo: Reuters
State-owned oil refiner Sinopec was high on the list of China’s most unprofitable companies last year. Photo: Reuters

Beijing can boost economic growth if it beats the corporate ‘zombies’, IMF says

Economy could grow by another 1.2 percentage points a year if authorities work harder to remove firms dragging it down, according to working paper

Topic |   China economy
State-owned oil refiner Sinopec was high on the list of China’s most unprofitable companies last year. Photo: Reuters
State-owned oil refiner Sinopec was high on the list of China’s most unprofitable companies last year. Photo: Reuters
READ FULL ARTICLE