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China MIIT: State-Owned Steel Firms to Face Bigger Difficulty in Deleveraging
Sep 18, 2017 16:59Source:SMM
Chinese state-owned steel firms will face bigger difficulty in deleveraging, an official from Ministry of Industry and Information Technology (MIIT), said.
SHANGHAI, Sept. 18 (SMM) – Chinese state-owned steel firms will face bigger difficulty in deleveraging, an official from Ministry of Industry and Information Technology (MIIT), said.
This is because they are involved with sensitivity over disposal of state-owned assets and heavy losses on state-owned banks, the official explained.
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State-Owned Steel Firms
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