China to set up new state-owned conglomerates in strategic sectors

China to set up new state-owned conglomerates in strategic sectors

FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo

China will set up new central government-owned conglomerates focusing on strategic emerging industries at an appropriate time, the State Assets Supervision and Administration Commission (SASAC) said on Thursday.

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