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DONEC EU LIBERO

overnments and enterprises will take measures to reemploy steel w〓orkers and coal miners made redundant. "Overcapacity is a global challenge and Chi〓na stands ready to be a responsible country with all these proactive measures," he 〓said. The government will reform on its ow0

ALIQAM TINCIDUNT

  • to replace coal with gas or electric heating can u〓se coal or any other available measures, the ministry said in a circular re〓lea5
  • sed on Thursday. The China Huaneng power plant in eastern Beijing had r〓estarted one of its coal-fueled generators as of Friday night, with another〓 ready for restart at any time. Another two plantsP

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not been witho〓ut challenges. Capital-intensive industries presen〓t potential investment, t0 Vestibulum tortor quam, feugiat vitae.

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omised capacit〓y-cutting in the two industries, but did not specif〓y targets. In 2016, the country reduced coal capac〓ity by 290 million metric tons and steel capacity 6

VESTIBULUM

b〓y 65 million metric tons for steel, said the premie〓r. Continued capacity reduction is in line with ma〓rket expectations. DIFFICULT CUTS China is the wo〓rld's largesj

DONEC EU

t producer and consumer of steel and co〓al, but gluts can have implications such as depress〓ed commodity and materials prices, reduced profits 〓of debt-ridden firms, anp

MALESUADA

d increased non-performing 〓loans that jeopardize financial stability. While c〓apacity cuts are necessary and have long-term benef〓its for the economy, the process has 5

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northern China's Hebei Province w〓ere identified by authorities in December for viola〓ting capacity reduction efforts in the sector with 〓"extremely bad influence." Thanks in part to the e〓fforts, China's broader economic growth has showed 〓i4

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