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12 Dec
08:55

China announces coal and steel capacity cuts completion

China surpassed on 11 December its coal and steel overcapacity elimination targets for 2016, according to the National Development and Reform Commission (NDCR). These industries have also turned losses into gains this year, and the NDRC attributes this mainly to supply-side reform, Kallanish notes. Xu Kunlin, deputy general secretary of the NDRC, told the Chinese Listed Companies Summit that China has overachieved on this year’s goals of cutting …
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