Caixin
Jan 25, 2019 07:08 PM
BUSINESS & TECH

Beijing Dubs 10 Top State-Owned Firms as Global Champion Aspirants

A sleeper train made by CRRC Corp. Ltd. stops at Beijing Railway Station on July 8. Photo: IC
A sleeper train made by CRRC Corp. Ltd. stops at Beijing Railway Station on July 8. Photo: IC

Ten of China’s largest state-owned firms have been named to a list of “World Class Enterprises” rolled out by their Beijing overseer, marking its latest step to make the 100-odd giants under its supervision more competitive.

The top 10 include such familiar names as oil giant China National Petroleum Corp. (PetroChina) and State Grid Corp. of China, operator of China’s national electric grid, as well as China Mobile Ltd., the world’s largest mobile carrier with nearly 1 billion subscribers. It also includes less familiar names like train-making giant CRRC Corp. Ltd. and China Three Gorges Corp., operator of the massive Three Gorges Dam on the Yangtze River, according to a Friday report on the microblog of the state-owned China National Radio.

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