State-owned enterprises play a key role in the Chinese economy. Photo: AFP

China’s state-owned enterprises help protect economy from foreign pressure and risks, says Communist Party economist

  • US and EU have frequently complained that state firms enjoy an unfair competitive advantage but Wang Xiaoguang defends their role as a ‘buffer’ against international pressure
  • Party School economist tells policy seminar that Beijing also values SOEs for fulfilling wider social responsibilities
Topic |   State-owned enterprises

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State-owned enterprises play a key role in the Chinese economy. Photo: AFP
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