Comments on reform programs for problems at inefficient public sector companies in China

  • A central and local enterprise work conference convened at the weekend was told SASAC will resolve the problem of unproductive "zombie" firms over the next three year

Reported in Xinhua over the weekend on comments from Zhang Yi, Chairman of the State-owned Assets Supervision and Administration Commission (SASAC)

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  • Profits at China's state firms dipped 9.5% in the first 11 months of 2015 from a year earlier
  • Profits at SASAC-controlled firms fell 10.4%

Reuters has more

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My preference would be for less zombie companies, more zombie movies!