China Vows Speeding Up Cleansing of ‘Zombie Enterprises’

The Chinese government is focusing on tackling debt of “zombie enterprises” while reducing the leverage levels across the state-owned sector.

“The next step is to continue the de-leveraging of state-owned enterprises [SOE], with a combination of SOE reform, ridding of excess capacity and reducing costs,” the government said in a statement issued today after a State Council meeting presided by Premier Li Keqiang.

Please login/register to view this content.