Coal, steel reforms squeeze debt
By Meng Fanbin | China Daily | Updated: 2017-08-01 06:46
Restructuring sectors will help cut overcapacity and boost prices
Radical reform of the coal and steel industries has cut overcapacity and reduced debt levels among State-owned enterprises.
A research report from GF Securities Co Ltd showed that repacking debt into equity and promoting policies to revamp the supply chain are helping to transform the sectors.
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