China State assets regulator says will complete excess coal capacity cut

Author: Eamonn Sheridan | Category: News

Reuters with headlines from China's state assets regulator

Says centrally-owned SOEs' Q1 profits up 20.9 pct at 377.06 bln yuan

  • Says centrally-owned SOE March profit up 17.8 pct to 169.87 bln yuan
  • average debt-to-assets ratio is 65.9 pct at end-March

Says will complete excess coal capacity cut, firmly deal with "zombie firms"


SOE is State Owned Enterprise

Cutting excess capacity at these is all part of reforms being undertaken on China. 
Cutting mining capacity should net be a positive input for those exporting resources to China (hello AUD)  
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