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Analysts Skeptical of China’s Boast on Industrial Performance

The Chinese government recently claimed that 98 major state-run industries have turned in the best industrial and financial performance in 2017 compared to the past five years. These companies, which have assets totaling $9 trillion, produced a remarkable profit of $218 billion, an increase of 15.2 percent in profit in 2017, more than double the rate of national economic growth. Industry experts are closely examining the report card because China’s state sector represents nearly 60...

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