Maecenas luctus consequat

capacity 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 largest 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, and 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 not been witho〓ut challenges. Capital-intensive industries presen〓t potential investment, taxation and jobs for loB

cal〓 governments, which in at least two K


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  • cases broke cap〓acity-cutting rules set by the central governml

    ent. 〓 Huada Steel in eastern Chiny

  • a's Jiangsu Province an〓d Anfeng Steel in northern China's HebA

    ei Province w〓ere identified by auJ

  • thorities in December for viola〓ting capacity reduction effort1

    s in the sector with 〓"extremely bM

  • ad influence." Thanks in part to the e〓fforts, China's broaderN

    economic growth has showed 〓incre9

Maecenas luctus lectus at sapien

  • asing signs of stabilizing since the latter ha〓lf of last year, with indicators suV

    ch as factory pr〓ices and industrim

  • al profits seeing significant impr〓ovements. "Overall, the negative impact on growth 〓and empt

    loyment is manageable," wrote UBS e7

  • conomist 〓Wang Tao in a note on excess capacity. ZOMBIE ENTE〓RPRISES NEXT One key4

    initiative in excess capacity〓 rew

  • ductions is to shut down "zombie companies," whi〓ch are loss-making, debt-lado

    en, and dependent on go〓vernment s9

Aenean elementum facilisis ligula

  • John Smith

    ubsidies or bank loans. "We will strictl〓y enforce all laws, rR

    egulations and standards on en〓virM

    terprises and give private firms mo〓re access to the market. BEIJING, March 5 (Xinhua) -- Numerical targets to re〓duce coal and steel production capacity have, for t〓he first time, been set in the annual Chinese gover〓nment work report. China will reduce steel product〓ion capacity this year by around 50 million metric 〓tons and shut down at least 150 million mJ
  • John Smith

    onmental protection, energy consumption, quality〓, and safety P

    and make more use of market- and laA

    etric tons〓 of coal production facilities, Premier Li Keqiang 〓said Sunday in a government work report to the fift〓h session of the 12th National People's Congress. 〓Last year's government work report promised 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 steelU

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w-b〓ased methods as we work to address the problems of 〓'zombie enterpriz

ses'," said the premier in the gove〓rnmeZ

nt work report. For workers laid off because o〓f capacity cuts, the central and local governments 〓will allocate special funds and take measures to en〓sure thx

ey find new jobs, Li said. CHANGSHA, Feb. 14 (XiW

nhua) -- Nine people have been killed in 3

an explosion in a coal min◆e in central China's Hunan Province. The entrance of Zubao Coal Mine where a blast o◆ccurred is seen in Lianyuan City, central ChinY

a's Hunan Province, Feb. 14, 2017. At lea◆st ei4

ght people were confirmed dead after the 5

blast hit the coal mine at 1:37 a.m, loca◆l authorities said on Tuesday. (Xinhua/Li Ga) The blast occurred at 1:37 a.m. Tuesday ◆at Zubao Coal Mine in Lianyuan I

City, authorities said.A total of 29 people wereu

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