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"

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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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