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signs of stabili〓zing since the latter half of last f

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year, with indicators such as factory prices and industrial 〓profits seeing significant improvements. "Overall, the negative impact on growth and employmen〓t is manageable," wrote UBS economist Wang Tao in a note on excess capacity. ZOMBIE ENTERPRISE〓S NEXT One u

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key initiative in excess capacity reductions is to shut down "zombie companies," wh〓ich are loss-making, debt-laden, and dependent on government subsidies or bank loans.h

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"We will〓 strictly enforce all laws, regulations and standards on environmental protection, energy consu〓mption, quality, and safety and make more use of market- and lq

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aw-based methods as we work to ad〓dress the problems of 'zombie enterprises'," said the premier in the government work report. F〓or workers laid off because of capacityr

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