The China Digest | Premier Li throws weight behind steel, coal capacity cuts
China's Premier Li Keqiang. Photo: Reuters/Aly Song
China's Premier Li Keqiang. Photo: Reuters/Aly Song

Premier Li throws weight behind steel, coal capacity cuts

The most important and market-moving stories from the Chinese-language media

November 25, 2016 9:16 AM (UTC+8)

Premier Li Keqiang ordered detailed investigation of steel and coal industries to identify companies violating government directives to cut inefficient production capacities, Caixin reported Thursday night.
国务院:对落后产能必须坚决淘汰 不得搞等量置换
国务院将派调查组严查个别钢煤企业违法违规行为

Non-performing loans underestimated: survey

Banks’ non-performing loans may be as high as 3% of the total, according to a survey by China Orient Asset Management Co. cited by Caixin on Thursday afternoon. The previous estimate in September was 1.76%. The steel and coal industries look most at risk.
业内认为不良贷款被低估 预计2016年不良率2%-3%

Hubei plans public-private partnership boost

Hubei Province plans public-private partnership programs in infrastructure and public services worth US$31.62 billion, reported YiCai on Thursday afternoon.
民间投资断崖式下跌 湖北推2000亿PPP项目

Forestry services join public-private partnerships

Wildlife and forest protection are just two areas targeted for public-private partnerships and will have the support of the National Development and Reform Commission and State Forestry Administration, the Shanghai Securities Journal reported Thursday evening.
林业项目获PPP政策支持 重点领域有望加速推进

Poorer areas to get US$122.6 bln investment in transport

Government plans to spend 848 billion yuan (US$122.6 billion) on highways, roads and other transport links in impoverished regions, the Securities Daily reported. The projects will be open to public-private partnerships.
交通运输业迎8480亿元十三五红包

Railway projects worth US$5.99 bln approved

Two railway projects worth 41.415 billion yuan (US$5.99 billion) were approved by the National Development and Reform Commission, Sina Finance reported Thursday afternoon. The first connects Zhongwei to Lanzhou, the second links Chaoyang in Liaoning province to the Qinghuangdao-Shenyang high-speed line.  Zhongwei is a city in the Ningxia province and Lanzhou is the capital of Gansu province.
发改委批复两铁路项目 总投资约414.15亿元

Listed firms linked to plant collapse that killed 67 workers

Jiangxi Ganneng Co., SDICPower Holdings Co. and Hong Kong-listed China Energy Engineering Group Co. are involved in a construction project in Jiangxi Fengcheng where a scaffolding collapse on Thursday killed 67 workers, Caixin reported. Shares in Jiangxi Ganneng were suspended.
江西电厂倒塌事故牵涉赣能股份等上市公司

Local governments called out on transparency

The Finance Ministry will work with local governments to ensure they are giving proper public disclosure of their accounts and expenses where required by law, according to Xinhua news agency. A list will be made available next year to show the most transparent local authorities.
财政部将专项检查地方预决算公开情况

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