China’s state vs. private company tracker: Which sector dominates?

The share of China’s state sector among the country’s 100 largest listed companies, measured by aggregate market capitalization, continued to advance through mid-2023, rising from 57.2 percent in end-2022 to 61.0 percent in the first half of 2023. Companies that are majority-owned by the Chinese state accounted for nearly all of this increase. The share of the private sector, defined restrictively as firms with less than 10 percent state ownership, in the first half of 2023 dropped below 40 per