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China vows to tackle overcapacity

Updated: 2013-12-13 20:41
( Xinhua)

BEIJING - China vowed "unswerving efforts" to tackle overcapacity and pursue innovation-driven growth, said a statement issued Friday after the four-day Central Economic Work Conference closed.

"Unswerving efforts will be made to tackle overcapacity, and the central government's decisions and arrangements on the issue should be implemented without compromise," the statement said.