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By Reuters Staff 2 Min Read Dec 29 (Reuters) - China has turned around more than 2,000 loss-making “zombie” and heavily indebted companies in its campaign against poorly performing enterprises, the deputy head of the country’s state assets regulator said on Tuesday. China in 2016 set a goal of eliminating thousands of unprofitable zombie firms - those that have survived on bank loans and local government backing - by 2020. However, it has provided little in the way of a progress report this year as the campaign took a backseat to the fight against the coronavirus pandemic, while a string of high-profile defaults by highly rated state-owned enterprises shook the country’s corporate bond market last month.

Tom dalyDavid evansWeng jiemingThomson reuters trust principlesAdministration commission sasacState owned assets supervisionAdministration commissionThomson reuters trustடோம் டேலிடேவிட் எவன்ஸ்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்நிலை ஓஂட் சொத்துக்கள் மேற்பார்வைதாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை