April 16, 2018 / 2:48 AM / in 10 days

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

BEIJING, April 16 (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)

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