China’s $26 Trillion State-Asset Watchdog Says More M&As to Come
China will further overhaul its bloated state enterprises and push for mergers in sectors such as power and coal, which are plagued by zombie firms, bankruptcy and debt defaults, according to the head of the agency that oversees state assets valued at $26 trillion. [April 11, 2018 | Bloomberg] “Some of the central state-owned enterprises…