China’s plan to cut industrial overcapacity by shutting down zombie enterprises will see millions of workers lose their jobs. Photo: Reuters
Laura He
Opinion

Opinion

Across The Border by Laura He

China’s plan to kill zombie firms faces resistance at local level

Fears of mass unemployment and social unrest mean local authorities are reluctant to carry out central government’s plan

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China’s plan to cut industrial overcapacity by shutting down zombie enterprises will see millions of workers lose their jobs. Photo: Reuters
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