#英文书籍阅读团#第7周打卡(2016.3.4)
China to lay off 5 to 6 million state workers
China aims to lay off five million to six million state workers over the next two to three years as part of efforts to curb (克制,抑制) industrial overcapacity and pollution, two reliable sources said yesterday.
China's leadership, obsessed with maintaining stability and making sure redundancies (多余的,裁员) do not lead to unrest, will spend nearly 150 billion yuan to cover layoffs in just the coal and steel sectors in the next two to three years.
The overall figure is likely to rise as closures spread to other industries and even more funding will be required to handle the debt left behind by "zombie" state firms.
The term refers to companies that have shut down some of their operations but keep staff on their rolls since local governments are worried about the social and economic impact of bankruptcies and unemployment.
Shutting down "zombie" firms has been identified as one of the government's priorities this year, with Premier Li Keqiang promising last December that they would soon "go under the knife".
The government plans to lay off five million workers in industries suffering from a supply glut (供过于求), one source with ties to the leadership said.
A second source put the number of layoffs at six million. Both asked not to be identified.
The Ministry of Industry did not immediately respond when asked for comment on the reports.
The hugely inefficient state sector had around 37 million employees in 2013, and accounts for about 40 per cent of the country's industrial output and nearly half of its bank lending.
It is China's most significant nationwide retrenchment since the restructuring of state-owned enterprises from 1998 to 2003 led to about 28 million redundancies and cost about 73 billion yuan in resettlement funds.
The government has already drawn up plans to cut up to 150 million tonnes of crude steel capacity and 500 million tonnes of surplus (过剩的) coal production in the next three to five years.
It has earmarked (指定) 100 billion yuan in central government funds to deal directly with the layoffs from steel and coal over the next two years,
Vice-Industry Minister Feng Fei said last week.

@宁静的夏 我早上5点多起来学的一篇推送文章。。。国内的经济形式 尤其是国企 太吓人了。。这
确实吓人,形势也许比我们想象得还严峻。我上午看的英文头条,说到目前要召开的two sessions,one topic is “Supply-side reform” which includes reducing overcapacity and boosting emerging industries.我们要做好各种准备了。
国企的形势确实很严重 正值转型期 希望能有更多的其它产业可以出现 优胜劣汰嘛 否则中国的经济真是个问题