China’s private sector increases presence among top 100 listed companies

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A report by the Peterson Institute for International Economics found that private sector companies in China are increasing their presence among the top 100 listed firms. In the second half of last year, private companies comprised 40% of this group, a 2.4% increase from the first half of 2024 and a rebound from a low of 33.5%. This growth is driven by technology firms, including AI-related businesses, and consumer brands. The report suggests this trend reflects China's shift towards a "new economy" focused on hi-tech manufacturing, decarbonization, and innovation, as opposed to housing and infrastructure. The data includes companies listed both in China and overseas.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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