The China Government Work Report 2018 has emphasized the policy priorities of continuing to eliminate ineffective supply, resolve excess capacity, eliminate low-end capacity, and promote supply-side structural reform with market economy-based measures. A case demonstrating such effort is the restructuring of Chongqing Iron & Steel Ltd., which has been named by China’s Supreme People’s Court recently as one of ten model bankruptcy cases last year. Chongqing Iron & Steel mainly engages in iron and steel production, processing and sales, whose …

Chongqing Iron & Steel Restructuring Shows Beijing Eager To Eliminate Excess Capacity appeared first on China Money Network.

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