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

China tries to breathe new life into corporate walking dead

Bloated on debt and kept alive by a forced drip of government subsidies, “zombie companies” have stalked China’s industrial landscape for the past three years. With barely a pulse, many could be found in the country’s rustbelt regions, rolling out cheap steel or processing iron ore and coal. But now, that is starting to change […]

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