China Sets 2017 Deadline for State Firms to Limit Losses
- Firms may be closed if they post three straight annual losses
- China is overhauling bloated state sector to boost growth
This article is for subscribers only.
China has set a two-year deadline for loss-making enterprises owned by the central government to improve their performance, with firms that suffer losses for three straight years liable to be shut down, while sending a signal to firms controlled by provincial governments to step up its act.
QuickTake China’s Managed Markets