Aluminium ingots are piled up at a bonded storage area at the Dagang Terminal of Qingdao Port, Shandong province. Photo: Reuters

China will need to cut 3.5 million jobs across six core industries as tonic for excess capacity, says UBS

A 10 per cent capacity reduction is needed in six main industries, according to new research

Topic |   China economy
Aluminium ingots are piled up at a bonded storage area at the Dagang Terminal of Qingdao Port, Shandong province. Photo: Reuters
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