China Tells Inefficient Firms to Toughen Up or Prepare to Fail

Bloomberg Markets and Finance published this video item, entitled “China Tells Inefficient Firms to Toughen Up or Prepare to Fail” – below is their description.

Jan.04 — There is pressure on Chinese companies on the mainland. Authorities are telling them to toughen up or prepare to be allowed to fail. Beijing wants to weed out its inefficient firms or be less willing to save failing businesses. Bloomberg’s Rebecca Choong Wilkins reports on “Bloomberg Daybreak: Asia.”

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