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Chinese authorities are moving to.......>

CHINA PRESS
CHINA PRESS: Chinese authorities are moving to accelerate the restructuring of
zombie companies' debts, requiring local governments to oversee bankruptcy
proceedings, restructurings and mergers and reorganisations when feasible, the
Beijing News reported on Wednesday, citing a document from the National
Development and Reform Commission and 10 other departments.
-Local governments are also banned from providing subsidies to sustain zombie
enterprises, the paper said.(Link to the story: https://bit.ly/2RAg1w2)

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