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The message from Beijing continues to be that reform and painful restructuring are coming.
"The terms of the restructuring are commercial in nature," he said on a conference call.
But the mechanics of a restructuring are now being pored over in Europe and at the IMF.
The raw gas is then purified of sulphur compounds, and the tars and heavy oils left over from the restructuring are recycled back into the gasifier for combustion.
Large-scale streamlining and restructuring are being undertaken by these banks, and the authorities fully back the efforts they are making to overcome their present difficulties.
Calls for restructuring are met with protests, even as plants operate far below capacity and dealerships are clogged with a backlog of inventory.
Similar(28)
Restructuring is forever.
But proper restructuring is only just beginning.
The restructuring is weighing on earnings.
How much restructuring is required?
Analysts have said restructuring was long overdue.
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CEO of Professional Science Editing for Scientists @ prosciediting.com