Why China's laying off 1.8 mln workers

ReutersNewsPublished: February 29, 201610 views
Published: February 29, 2016

China says it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce. As Hayley Platt reports, it's all part of efforts to reduce industrial overcapacity, although no timeframe was given.

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