China increases support for state-owned businesses

08/30/2010 | New York Times (tiered subscription model), The

For decades, China has welcomed the expansion of aggressive, privately owned companies at the expense of inefficient state-run enterprises, but that trend is being reversed. World Bank data show that the proportion of industrial production by state-run businesses increased last year. Lending by state banks and government spending aimed at propping up China's growth during the economic downturn have helped state-backed companies dramatically increase their investing.

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New York Times (tiered subscription model), The

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