NDRC plans steps to optimize industrial output

China will focus on improving the quality and structure of its industrial capacity in 2018, the National Development and Reform Commission said at its annual work conference on Friday.

The country will both cut and upgrade capacity next year, instead of the target-based system of capacity reduction adopted in the past two years, said He Lifeng, chairman of the NDRC, the country's top economic planner.

The NDRC conference comes after China's leaders on Wednesday pledged the country would further its supply-side structural reform next year, with more efforts to improve economic quality and cut overcapacity.