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

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)