3Novices:Xi reforms may be making their mark as China’s industrial belt starts to benefit from rising prices

Longmay Mining Holding Group, a coal conglomerate owned by the Chinese province of Heilongjiang, attracted global attention in March 2016 when thousands of miners in a town close to the Russian border staged a protest about their unpaid wages.
It was seen as a typical bloated, indebted and inefficient Chinese state firm struggling in an industry with excessive supply. The Heilongjiang government had to beg state banks not to cut off credit flows even though the firm had not made a profit for…
August 13, 2017 at 06:52PM
#3Novices #News #OnlineMedia #China 3Novices China


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