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China's SOE regulator claims 2,000 companies 'turned around'

China's SOE regulator claims 2,000 companies 'turned around'

(ATF) China's state-owned enterprise (SOE) regulator has helped turned around more than 2,000 loss-making "zombie" companies, according to its deputy head, even as the country faces a spate of corporate bond defaults and rising debts.Weng Jieming, vice-chairman of the State-owned Assets Supervision and Administration Commission (Sasac), said in an interview …

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