Shandong Governor Guo Shuqing (郭树清) said in his latest report that the regional government plans to drive capacity-reduction through bankruptcies, mergers, acquisitions and debt restructuring. The local government has issued a plan to reduce the number of ‘zombie companies’ in order to reduce capacity. Director of Shandong Province, Qian Huan Tao (钱焕涛) said Shandong should
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