"These loss-making companies remain operational largely due to local government interest to maintain employment. Banks too are reluctant to declare nonperforming loans, helping keep these enterprises online," says Dhar.
"More importantly, the structural increase in loss-making commodity production over the last few years underscores the need for systemic supply-side reform. We believe these changes are required sooner rather than later given the importance of productivity in China's transition to a services-based economy."
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent
-
In a game of tit for tat, Israel strikes back at Iran for Iran's missile
launch against Israel. Iran's attack on Israel was in response for Israel
illegall...
No comments:
Post a Comment