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China Promises Further Cuts to Steel Capacity
Mar 6, 2017Numerical targets to reduce coal and steel production capacity have, for the first time, been set in the annual Chinese government work report. China will reduce steel production capacity this year by around 50 million metric tons and ...
Tags: Steel Capacity, Coal
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Special Fund to Be Set up to Deal with Zombie Companies in China
Dec 31, 2015It's being reported the Chinese government is setting up a 30-billion-yuan fund to help eliminate industrial overcapacity and reconstruct so-called "zombie companies". The money is going to compensate the employees of the "zombie ...
Tags: Special Fund, Zombie Companies
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A Plague of 'Zombie Companies' Is Threatening to Suck The Vitality out of The UK Economy
Dec 10, 2012A plague of ‘zombie companies’ is threatening to suck the vitality out of the UK economy, according to leading insolvency experts, and the food manufacturing sector could be under threat. Food and drink manufacturers face ...
Tags: zombie companies, UK economy, food manufacturing, zombie business threat
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RIM Demonstrated Their Faith in The Forthcoming Blackberry 10 Operating System
Nov 23, 2012Shares in Research in Motion(RIM),maker of the BlackBerry handheld devices,rose by 17.3 per cent on the Toronto Stock Exchange yesterday,as investors demonstrated their faith in the forthcoming BlackBerry 10 operating system and a new range ...
Tags: BlackBerry, RIM, smartphone