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In the News

China's Zombie Business Privatisation Policy

Graham Watson

6th November 2017

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This clip is fascinating documenting how one Chinese province, Liaoning, has started to privatise 'zombie' companies in the hope of returning them to profitability, rather than continuing to prop them up.

The company featured, Dongbei Steel has defaulted on bond interest repayments on ten separate occasions, however, that hasn't stopped Shen Wenrong from investing in the business and hoping to turn it around. If he can, it might give other entrepreneurs, and other provinces, greater confidence in tackling this sizeable problem.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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