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State-Owned Enterprises Are a Hard Habit China Doesn't Want to Break

Nov 7, 2018 | 09:00 GMT
People walk into a subway station in Beijing on Oct. 19, 2018.

People walk into a subway station in Beijing on Oct. 19, 2018. China's economy grew at its slowest pace in nine years in the third quarter, as a campaign to tackle mounting debt and trade friction with the United States took their toll. The world's second-largest economy expanded 6.5 percent in July-September, National Bureau of Statistics figures showed, marking its worst performance since the height of the global financial crisis.

(GREG BAKER/AFP/Getty Images)

SOEs remain Beijing's preferred engine to drive its economy, which worries the private sector at home and abroad....

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