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.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: firstname.lastname@example.org or email@example.com.