China releases document on so-called excess capacity issue

BEIJING -- China's Ministry of Commerce on Tuesday released a document titled "China's Position on the So-called Excess Capacity Issue."

This document was issued to clarify relevant facts and elaborate on China's policy stance on the so-called excess capacity issue, according to the ministry.

The document said that the rapid development of China's modern industries is driven by innovation. The stable and healthy operation of Chinese industries relies on the continuous deepening of reforms.