A worker leaves the China Evergrande Group Royal Peak residential development in Beijing, China. Bloomberg China’s regulatory crackdowns and a property-market slump reduced the private sector’s share of the country’s big businesses for the second successive year. That’s according the Peterson Institute for International Economics, which tracked the value share of privately owned companies in the total market capitalization of China’s 100 largest listed companies going back to 2010. The private sector’s share at the end of 2022 dropped 5 percentage points from the previous year, to 42.8%. State owned companies gained ground amid property market slump Last year saw the longest-ever slump in China’s property market, following Beijing’s policies to rein in real estate credit — hitting the valuation of large privately owned companies such as China Evergrande Group and Country Garden Holdings, which had dominated that sector. The shares of private-sector tech groups continued to be affected by a regulatory tightening aimed at that industry. Part- and wholly state-owned companies account for the rest of the market capitalization measured by the PIIE. The private sector share peaked above 54% in 2020. “The data at end-2022 suggest that Chinese President Xi Jinping’s ‘corporate rectification campaign’ started in the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
