'Zombie' companies may receive help to shut down
By Lan Lan and Zheng Yangpeng | China Daily | Updated: 2015-11-07 07:50
Improved efficiency and innovation result from closing bad businesses, economist says
China is studying policies to help "zombie" companies withdraw from business in order to improve the efficiency of State-owned and private enterprises.
Zombie companies are those that generate money but are unable to pay off their debt and cannot survive without outside support.
Photo
