Tag Archives: eliminate

China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies

China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People’s Bank of China, said that the market should play a “decisive role” in allocating financial resources, but also stressed the importance of stronger ... Read More »