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China's central government-owned firms should strictly control debt investments - regulator

Reuters  |  BEIJING 

BEIJING (Reuters) - China's central government-owned firms should strictly control debt investments and high-risk businesses in global operations, the country's state assets regulator said on Monday.Centrally-owned firms have cut 16 million tonnes of steel capacity and 62 million tonnes of coal capacity so far, spokesman Peng Huagang told a news briefing. (Reporting by Xiaochong Zhang and Beijing Monitoring Desk; Editing by Jacqueline Wong)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, April 16 2018. 09:37 IST
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