China's premier says will ruthlessly deal with zombie firms

[December 04, 2015]  BEIJING (Reuters) - China plans to spend around two years to tackle serious overcapacity in some industries and will ruthlessly deal with so-called zombie firms, Premier Li Keqiang said in remarks seen on Friday.

China's survey-based unemployment rate had been gradually falling in the last three months, Li said in comments published on the central government's website, but no details were given.

(Reporting by Beijing Monitoring Desk and Kevin Yao; Editing by Nick Macfie)

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