China’s central government-owned firms should strictly control debt investments: regulator

BEIJING (Reuters) – China’s central government-owned firms should strictly control debt investments and high-risk businesses in global operations, the country’s state assets regulator said on Monday.

Centrally-owned firms have cut 16 million tonnes of steel capacity and 62 million tonnes of coal capacity so far, spokesman Peng Huagang told a news briefing.

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