Smaller Chinese entrepreneurs are getting squeezed by the trade war and an economic slowdown and state-backed firms are stepping into the breach
The investments mark a reversal after decades in which state-owned enterprises have shrunk in importance, as reflected in measures such as their share of the workforce or
asset ownership. Since China’s public-sector companies are typically less efficient or innovative than their private rivals, the shopping spree could lead to a fresh drag on growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tencent takes 29% stake in computer games maker FuncomChina's Tencent Holding Ltd has agreed to buy a 29% stake in Oslo...
Read more »
Cardi B Takes ParisThe rapper took in the Thom Browne show Sunday, carrying the giant crocodile purse by the designer she had introduced to fans on Instagram hours before.
Read more »
Aaron Carter Takes His New Face Tattoo Out for a Spin on Dirt QuadAaron Carter got himself a new face tattoo just days after giving up all his guns.
Read more »
Sara Hall Runs Massive PR in Berlin, Takes 5th Place.SaraHall3’s time takes four minutes from her previous best time of 2:26:20 and moves her up to sixth in the U.S. all-time rankings. 🔥
Read more »
Astronaut takes stunning picture of her best friend launching into spaceSinuous smoke soars above the Earth's atmosphere while a bright star - actually a Russian Soyuz rocket - stands against the dark night sky, encircled by a ring.
Read more »