Private companies fared poorly in '12, study says
By Zheng Yangpeng | China Daily | Updated: 2013-08-30 07:16
Problems concentrated in a few sectors; State firms prosper
China's large private-sector companies turned in a weak performance in 2012, with revenue growth slowing and profits contracting, the All-China Federation of Industry & Commerce said in a report on Thursday.
Large companies are defined as those with at least 7.7 billion yuan ($1.26 billion) in annual revenue.
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