Jiangsu plans to eliminate all provincially-owned zombie enterprises by 2018

Sources from Jiangsu’s State-owned Assets Supervision and Administration Commission had it that during the first half of 2017, Jiangsu pressed on with the program of eliminating its provincially-owned zombie enterprises, with another 8 such enterprises eliminated after 22 in 2016.Asian Metal CopyrightSources from Jiangsu’s State-owned Assets Supervision and Administration Commission had it that during the first half of 2017, Jiangsu pressed on with the program of eliminating its provincially-owned zombie enterprises, with another 8 such enterprises eliminated after 22 in 2016.Asian Metal Copyright At present, Jiangsu continues to comb its provincially-owned enterprises with the standards that production is suspended, serious losses last for three consecutive years and assets can’t offset debts, and the provincial government plans to get rid of all of its provincially-owned zombie enterprises by the end of 2018.
.Asian Metal Copyright Asian Metal Copyright