Chinese listed companies posted their fastest profit growth of the year in the third quarter, as a government-led drive to cut excess industrial output drove up margins and the nation's tech self-reliance bolstered demand for semiconductors. The earnings of mainland China-listed companies rose 11.6 per cent from a year ago, compared with a 1.2 per cent increase in the second quarter and 3.2 per cent growth in the January-March period, according to China Merchants Securities. Technology companies led the s ...

In a sign of how critical technology will be for China's growth in the following five years, the proposal had 46 references to the word, compared with 36 in the plan for 2020-2025.Chipmakers, robotics companies, high-end manufacturers and stocks linked to domestic consumption were set to emerge as outperformers in the long run, according to brokerages including Guotai Haitong Securities and Huajin Securities.Chinese President Xi Jinping (centre) attends the fourth plenary session of the 20th Communist Party ...