China | Chinese 'zombies' feast on new Silk Road projects to ease layoff fears

Chinese ‘zombies’ feast on new Silk Road projects to ease layoff fears

The Belt and Road Initiative is proving a boon for struggling SOEs, safeguarding jobs for a sector ravished by redundancies

July 19, 2018 5:45 PM (UTC+8)
The new Silk Road superhighways have proved crucial for China's sprawling steel sector. Photo: iStock
The new Silk Road superhighways have proved crucial for China's sprawling steel sector. Photo: iStock
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