China’s provinces turn to SOE profits after worst first-quarter fiscal stress since 2020
A growing number of Chinese provinces are proposing to increase profit remittance rates from state-owned enterprises to secure…
China orders central state-owned enterprises to double spending on basic research
China’s state asset regulator has ordered its central state-owned enterprises (SOEs) to double their basic research spending by…
China’s growing young billionaire class masks innovation hurdles, analysts say
While China continues to produce many young self-made billionaires, showcasing its economic dynamism, observers have urged the creation…