No backsliding on overcapacity, officials say

Li vows reforms will continue, even as steel and coal prices rise

While China has made remarkable progress in cutting steel and coal production overcapacity, the prices of those commodities have bounced back in recent months. This has caused officials to vow continued efforts to keep overcapacity from rebounding.

Premier Li Keqiang outlined the issues facing the nation as he presided over the State Council's executive meeting on Wednesday, when a report on overcapacity was deliberated.