Story perspectives

China's State Firms Tackle Profits Amid Anti-Deflation Push

9/13/2025

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Summary

Story summary

In September 2025, Zhang Xiong of Sichuan 15th Construction Company urged staff to minimize losses during a national anti-deflation campaign led by President Xi Jinping.
State-owned firms held meetings to prioritize profit-making strategies, focusing on revenue growth and cost reduction.
Early 2025 saw a 3.3% decline in profits within China's state-owned sector, raising concerns about job cuts and social stability.
The polysilicon sector proposed forming a cartel to address excess capacity.
Experts caution that avoiding acknowledgment of losses may conceal financial problems.

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Story summary

In September 2025, Zhang Xiong of Sichuan 15th Construction Company urged staff to minimize losses during a national anti-deflation campaign led by President Xi Jinping.
State-owned firms held meetings to prioritize profit-making strategies, focusing on revenue growth and cost reduction.
Early 2025 saw a 3.3% decline in profits within China's state-owned sector, raising concerns about job cuts and social stability.
The polysilicon sector proposed forming a cartel to address excess capacity.
Experts caution that avoiding acknowledgment of losses may conceal financial problems.