Central SOEs are stronger, but not necessarily better
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Xi Jinping is also in the camp that thinks that SOEs need more Party control. His goal is for SOEs to become “stronger, better and bigger”.
Central SOEs are definitely getting bigger. They are temporarily stronger, too. SASAC’s H1 data shows that:
H1 revenues are up 16.8% y/y to RMB 12.5 tril...