# state-owned enterprises
Latest news and articles about state-owned enterprises
Total: 2 articles found
Guangzhou Pharma Graft: 17 Executives Sentenced in RMB200m Corruption and Fake‑drug Ring
China’s Guangzhou Pharmaceutical Group has publicly announced the conviction or disciplining of 17 executives in a corruption probe involving more than RMB200 million. The cases, which include bribery, kickbacks and the sale of counterfeit medicines, focus heavily on advertising, procurement and distribution channels within the state‑owned group and its Wanglaoji subsidiary.
China’s State Firms See Profits Slip in 2025 Despite Flat Revenues, Raising Questions for Beijing’s Growth and Reform Strategy
China’s state-controlled firms posted a 6.3% drop in profits for 2025 despite a 0.5% rise in revenue, with total profits around ¥4.04 trillion and an asset‑liability ratio of 65.1%. The data highlight margin pressure across SOEs and present Beijing with a choice between fiscal support and deeper restructuring.