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China press: Xinhua says China to clean-up 'zombie' companies by 2020

Discussion in 'Market News' started by ForexLive, Jan 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Comments on reform programs for problems at inefficient public sector companies in China - A central and local enterprise work conference convened at the weekend was told SASAC will resolve the problem of unproductive "zombie" firms over the next three year Reported in Xinhua over the weekend on comments from Zhang Yi, Chairman of the State-owned Assets Supervision and Administration Commission (SASAC)

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