China's state-owned firms overtake private sector in economic slump

Smaller businesses hit by weak consumer spending, left out of infrastructure orders

20230815N China factory

China's industrial production saw narrow gains in July, especially in its private sector. © Reuters

IORI KAWATE, Nikkei staff writer

BEIJING -- China's private sector has been hit hard by the sluggish economy, with production and investment both underperforming figures from state-owned companies in new economic data out Tuesday.

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