Friday, 4 March 2016

Massive layoffs coming as China confronts its overbuilt 'zombie economy'

China coal mine

In the last gasp of an historic industrialization, China's state-run "zombie" factories continue to churn out products no one buys. The CBC's new Asia Correspondent Sasa Petricic highlights the problem facing Beijing with its new talk of layoffs and restructuring.



source CBC | CBC News - Analysis News http://ift.tt/1p0VDpv

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