AnalysisChina to accelerate restructuring of zombie companies

Posted on by David Shaw

China’s government plans to transfer up to 6m employees out of zombie companies before 2019. The aim is to reduce over-capacity across a range of industries. On Feb 29, Minister of Human Resources and Social Security Yin Weimin (尹蔚民) said central government plans to award up to RMB 100,000m in ‘prize money’ to help resettle

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