Photographer: Qilai Shen/Bloomberg

China Pushes Big State Companies to Leave Overcrowded Beijing

  • Forced exodus part of Xi's sweeping overhaul of state industry
  • Cities vie for displaced companies with land deals, benefits

Beijing may be pulling in the welcome mat for many of the country’s biggest state-owned companies, including some that have had their headquarters in the capital for decades, setting off a scramble among other cities competing to lure them away.

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