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he latter ha〓lf of last year, with indicators such as factory pr〓ices and industrial profits sy

  • eeing significant impr〓ovements.v

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    "Overall, the negative impact on growth 〓and employment is manageable," wrote UBS economist 〓Wang Tao in a note on excess capacity. ZOMBIE ENTE〓RPRISES NEXT One key initiative in excess capacity〓 reductions is to shut down "zombie companies," whi〓chD

    are loss-making, debt-laden, andw

  • dependent on go〓vernment subsid1

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    ies or bank loans. "We will strictl〓y enforce all laws, regulations and standards on en〓vironmental protection, energy consumption, quality〓, and safety and make more use of market- and law-b〓ased methods as we work to address the problems of 〓'zombi0

    e enterprises'," said the premierm

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    in the gove〓rnment work report. For workers laid off because o〓f capacity cuts, the central and local governments 〓will allocate special funds and take measures to en〓sure they find new jobs, Li said. CHANGSHA, Feb. 14 (Xinhua) -- Nine people have beW

    en killed in an explosion in a coa

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    al min◆e in central China's Hunan Province. The entrance of Zubao Coal Mine where a blast o◆ccurred is seen in Lianyuan City, central China's Hunan Province, Feb. 14, 2017. At lea◆st eight people were confirmed dead after the blast hit the coal mine aZ

    t 1:37 a.m, loca◆l authorities s9

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aid on Tuesday. (Xinhua/Li Ga) The blast occurred at 1:37 a.m. Z

Tuesday ◆at Zubao Coal Mine in Lianyuan City, authorities said.A total of 29 people were working◆ underground, 16 of whom managed to escape from the shaft. Another four were rescued.Th◆ree injured miners are being t9

reated in hospital and described as stable.Work is contin◆uing to r3

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etrieve the bodies of three victims in the flooded shaft.The licensed coal min◆e with an annual production capacity of 90,000 tonnes is owned by Tengfei Coal Mine Co.◆ Ltd.w

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