A worker checks steel rods at a plant of Dongbei Special Steel Group in Dalian, Liaoning province. The group has formally entered into a bankruptcy restructuring process. Photo: ImagineChina

Beijing unveils plan to tame soaring corporate debt

Guidelines cover use of equity swaps and mergers to reduce leverage and reform state-run firms

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A worker checks steel rods at a plant of Dongbei Special Steel Group in Dalian, Liaoning province. The group has formally entered into a bankruptcy restructuring process. Photo: ImagineChina
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