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China to set up state conglomerates focussing on new strategic sectors | Hellenic Shipping News Worldwide

China will set up new central government-owned conglomerates focussing on strategic emerging industries at an appropriate time, the State Assets Supervision and Administration Commission (SASAC) said on Thursday. State-owned giants in the world’s second-biggest economy should step up innovation and strengthen tech research for industrial machines, high-end chips, new materials and new energy vehicles, the .

China to set up state conglomerates focusing on new strategic sectors

China to set up new state-owned conglomerates in strategic sectors

State-owned giants should step up tech research for industrial machines, high-end chips, new materials and new energy vehicles.

Net profits at China s central govt-owned firms surge 220% y/y in Q1 | Hellenic Shipping News Worldwide

Net profits at China s central govt-owned firms surge 220% y/y in Q1 | Hellenic Shipping News Worldwide
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