USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Industries

China ups the ante for cutting coal production, overcapacity

By Wang Yanfei | chinadaily.com.cn | Updated: 2017-03-05 14:26

China ups the ante for cutting coal production, overcapacity

Miners work at a coal mine in Shouyang, Shanxi province. [Photo/Xinhua]

China plans to cut 50 million tons of steel capacity and 150 million tons of coal production this year, according to the draft plan for national economic and social development released on Sunday.

China plans on extending cuts in overcapacity efforts to even more sectors, according to the plan.

China also vows to halt 50 gigawatts of capacity from coal-fired generators this year.

Dealing with zombie factories, or profit-losing companies that stay open, continues to be a key challenge this year.

China met its 2016 target for cutting coal and steel production ahead of schedule, according to the National Development and Reform Commission.

China plans to cut 100 million to 150 million tons of steel capacity and 800 million tons of coal capacity by the end of 2020, according to the 13th Five-year Plan (2016-20).

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US