BIG HERO 6

ern China's Jiangsu Province an〓d Anfeng Steel 6

in northern China's Hebei Province w〓ere identified by authorities in U

December for viola〓ting capacity reduction efforts in the sector with 〓"extremely8

bad influence." Thanks in part to the e〓fforts, China's broae

der economic growth has showed 〓increasing signs of stabilizing since the latter ha〓lf of last year, with indicators such as factory pr〓ices and industrial profits seeiY

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ng significant impr〓ovements. "Overall, the negative impactg

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on growth 〓and employment is manageable," wrote UBS economist 〓Wang Tao in a note on excess capacity. ZOMBIE ENTE〓RPRISES NEXT One key initiative in excess capacity〓 reductions is to shut down "zombie companies," whi?

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h are loss-making, debt-laden, and dependent on go〓vernment subsidies or bank loans. "We will strictl〓y enforce all laws, regulations and standards on en〓vironmental protection, energy consumption, quality〓, and safeB

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