Focus of cuts turns to local levels

The nation's top economic regulator would enhance oversight over progress made in cutting steel overcapacity at provincial and municipal levels in order to meet reduction goals set for this year.

"China has been actively cutting overcapacity and takes the issue seriously," said Zhao Chenxin, spokesman of the National Development and Reform Commission, adding that the nation can, and would, make all-out efforts to meet this year's reduction goal.

Steel production capacity needs to be cut by 45 million tons and coal output capacity by 280 million tons by year-end.