Facebook Twitter 新浪微博 Instagram YouTube Tuesday, Jun 28, 2016
Search
Archive
English
English>>People's Daily Online Exclusives

China's steel capacity and coal mining capacity to be cut by 45 million tons and 280 million tons respectively in 2016

(People's Daily Online)    16:48, June 28, 2016

"The most pressing task in adjusting economic structure for 2016 is to achieve the goal of capacity cuts," said Xu Shaoshi, minister in charge of the National Development and Reform Commission (NDRC) on the 2016 Summer Davos held in Tianjin on June 26, 2016.

Xu revealed for the first time that China has set the goal of cutting 280 million tons of coal output capacity and cutting the 45 million tons of steel production capacity on the same day.

Due to the capacity cuts in the steel and coal mining industries, 700,000 coal workers and 180,000 steel workers have to be relocated by the end of 2016.

Data released by the China's National Bureau of Statistics shows that during the first five months of 2016, China has produced 1,343,860,000 tons of coal, falling by about 116 million tons from the previous year. 

The local authorities attach importance to the production capacity cuts in the process of implementing supply-side reform. For instance, Guizhou plans to cut 70 million tons of coal mining production capacity over a period of three to five years. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Ma Xiaochun,Bianji)

Add your comment

Related reading

We Recommend

Most Viewed

Day|Week

Key Words