More specifically, he gave a speech about the death of highly indebted industrial state-owned enterprises to make room for new more privately owned service industry companies, a painful process to be sure. Which is why it isn’t surprising that since this talk began in earnest, at the end of 2015, Chinese officials spoke in little detail, especially regarding “Authorities must deal with zombie companies in a ‘resolute manner,’ offer laid-off workers new posts or vocational training opportunities, and ensure those who are unable to find a job are covered by the social safety net or other aids, Xi said at the meeting of the Central Leading Group on Finance and Economic Affairs, according to the official Xinhua News Agency.”