World

China steel ‘zombie’ privatisation sets precedent

Name: China steel ‘zombie’ privatisation sets precedent
Uploaded: 2017-11-02T09:34:27.110Z
Duration: 2 min 51 s
Channel: Financial Times
Description: Tycoon’s investment in Dongbei Special raises hopes on market-based solutions

One of China's most successful steel tycoons has agreed to invest Rmb4.5bn in Dongbei Special Steel as part of a restructuring.

November 2, 2017

Produced and edited by Paolo Pascual. Footage from Reuters.