Logo 19 May 2026

Beijing’s SOE cash grab is undermining 2026 investment growth

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Beijing's push to divert a greater share of SOE profits into government spending could shave 2.3 percentage points off fixed asset investment (FAI) growth this year. ICYMI: In late 2025, MoF raised profit remittance ratios for centrally owned state firms (SOEs).

For example, SOEs in the oil, electr...