China’s bid to cut production overcapacity in heavy industries ‘losing steam’

The State Council said last week that it has “basically completed” this year’s reduction targets, including 45 million tonnes of steel capacity and 280 million tonnes of coal capacity.

However, it also announced investigations into illegal steel capacity expansions in Hebei and Jiangsu provinces.

Source: China’s bid to cut production overcapacity in heavy industries ‘losing steam’, survey suggests | South China Morning Post

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