Chinese private corporate giants rocket in value despite Covid-19 pandemic

The coronavirus pandemic that is raging across the planet has not stopped China’s biggest privately run corporations from soaring in value, the Hurun Research Institute reports.

The average value of the country’s top 500 private enterprises increased by 55 percent to a record $16.5 billion (108 billion yuan) year-on-year, according to a report released by the institute earlier this week.…

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