They are dominated by state-owned enterprises, which can count on cheap loans and energy from China's state-owned banks and utilities.

ECONOMIST: China��s new five-year plan is at odds with itself

PetroChina is China's most significant oil concern and is primarily owned jointly by the People's Republic of China and its largest state-owned energy enterprise, China National Petroleum Company (CNPC).

CENTERFORSECURITYPOLICY: Attachment to 00-C 33

State-backed firms, similar to China's, make 40% of stockmarket profits and dominate energy and finance.

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