“Cutting
overcapacity” is the primary task of supply-side structural reform in China,
which focuses on “disposing and eliminating zombie enterprises firmly”. “Zombie
enterprises” usually referto
those who fall into a financial crisis but rely on the support of the
government or the bank to survive. At present, the research of “zombie
enterprise” by scholars at home and abroad is mainly concentrated in the macro
level. But this paper argues that the enterprise is a specific market player, therefore,
if you want to crack the “zombie enterprise” problem fundamentally, you should
ultimately start from the enterprise,promoting the efficient use of resources through
technological innovation, which helps enterprises to establish core
competitiveness and drives the sustainable development of enterprises.
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