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Overcapacity Reduction
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Massive Fund to Help Reform Giant SOEs
Sep 27, 2016Major Chinese State-owned enterprises have launched the nation's largest private equity fund, worth 350 billion yuan ($52.5 billion), to finance SOE restructuring as part of China's efforts to advance supply-side reform. The money will be ...
Tags: Giant SOEs, nation fund
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China's Machinery Sector Showed Signs of Recovery
Aug 14, 2016China's machinery sector showed signs of recovery in the first half of 2016, according to an industry association Tuesday. The China Machinery Industry Federation (CMIF) said the sector's value added in the first six months expanded 7.8 ...
Tags: machinery sector, machinery
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China Is Expected to Overtake The United States to Become The World's Largest Oil Importer
Dec 3, 2013China is expected to overtake the United States to become the world's largest oil importer in the 2020s as emerging economies, instead of developed ones, will claim most of the world's energy supplies, a report says. China will be the ...
Tags: Oil Importer, Oil, Metallurgy, Mineral, Energy
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Overcapacity's Dragged Down Profit Margins in Some Sectors
Aug 22, 2013It was usually quiet Friday morning at the Baoshan Cement Co., Ltd. factory in east China's Jiangxi Province. The factory's production lines were shut down after it was put on a list of companies designated by the Ministry of Industry and ...