China's private sector has lost ground as state sector has gained share among top corporations since 2021(www.piie.com)

posted 2 months ago

Today they published a new report in the series. To my surprise, it includes a second chart with revenue-based data. Enjoy!

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15 points

2 months ago

important to note this is not the entire economy but just the top 100 firms.
looking at things as a whole, the capitalist sector is about 60% of GDP and 80% of urban employment.
https://news.cgtn.com/news/2024-01-07/Private-sector-development-to-keep-Chinese-economy-afloat-in-2024-1q8Vty953oY/p.html

it’s still good news.

report

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5 points

2 months ago

I didn’t miss that subtlety. Thank you for mentioning that!

report

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