Posted inBeijing, China, European Union, Germany, Middle East, World

Chinese ‘zombies’ feast on new Silk Road projects to ease layoff fears

They survive on a drip-feed of state subsidies and can suck the lifeblood out of a bloated workforce. Zombie companies live in the twilight world of China’s corporate jungle. With heartbeats that can barely be detected, most of them lurk in the shadows of the sprawling state-owned enterprise sector, which employs more than 20 million […]