Arab Today, arab today china allocates 100bn yuan to cut industrial capacity
Last Updated : GMT 14:36:28
Arab Today, arab today
Arab Today, arab today

China allocates 100Bn Yuan to cut industrial capacity

Arab Today, arab today

Arab Today, arab today China allocates 100Bn Yuan to cut industrial capacity

steel and coal companies
Beijing - QNA

China will make 100 billion yuan about (15.3 billion US dollars) of subsidies to steel and coal companies cutting capacity, China's Ministry of Finance said Wednesday.

    The funds will mainly be used to resettle laid-off workers, the statement said. Mergers, acquisitions, debt restructuring and bankruptcy should guide the exit of weak steel and coal companies that cannot make a profit, according to China's (Xinhua) News Agency. 

    China should also take "a combination of measures" to resolve overcapacity, including tax, land, fiscal and financial reform, according to the statement. In the past three years, China has eliminated more than 90 million tonnes of steel capacity and over 200 million tonnes of coal capacity.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china allocates 100bn yuan to cut industrial capacity Arab Today, arab today china allocates 100bn yuan to cut industrial capacity

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china allocates 100bn yuan to cut industrial capacity Arab Today, arab today china allocates 100bn yuan to cut industrial capacity

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday