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d by authorities in December for violating capacity reduction efforts in the sector with "ex◆tremely bad influence." Thanks in part to the efforts, China's broader economic growth has showed ◆increasing signs of stabilizing since the latter half of last year, with M

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indicators such as factory◆ prices and industrial profits seeing significant improvements. "Overall, the negativz

e impact on g◆rowth and employment is manageable," wrote UBS economist Wang Tao in a note on excess capacity. ZO◆MBIE ENTERPRISES NEXT One key initiative in excess capacity reductions is to shut down "zombie com◆panies," which are loss-making, debt-laden, and dependent on government subsidies or bank loans. "◆We will strictly enforce all laws, regulations and standards on environmental protection, energy co◆nsumption, quality, and safety and make more use of market- and law-based methods asc

we work to add◆ress the problems of 'zombie enterprises'," said the premier in the government work report. For wo◆rkers laid off because of capacity cuts, the central and local governments will allocate special fu◆nds and take measures to ensure they find new jobs, Li said. CHANGSHA, Feb. 14 (Xinhua) -- Nine people have bej


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en killed● in an explosion in a coal mine in central China's Hunan ●Province. The entrance of Zubao Coal Mine where a blas●t occurred is seen in 2


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Lianyuan City, central China's Huna●n Province, Feb. 14, 2017. At least eight people were con●firmed dead after the blast hit the coal E


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mine at 1:37 a.m●, local authorities said on Tuesday. (Xinhua/Li Ga) The ●blast occurred at 1:37 a.m. Tuesday at Zubao Coal Mine in● Lianyuan City, auV

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