China underwhelms with salvo to slim bloated industry

China’s edict to more than 1,900 companies to shut excess production capacity by September is the latest effort to slim down bloated industries, but in the key steel, aluminium and cement sectors the cuts are just a fraction of their surpluses.

via Business feed http://www.scmp.com/business/economy/article/1293313/china-underwhelms-salvo-slim-bloated-industry