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Bloomberg: China Falling Behind on Capacity Reduction Goal
08/16/2016 - A recent upturn in coal and steel prices is testing the determination of Chinese provinces and companies to cut excess capacity, and, in fact, have put the country behind early goals for doing so, according to the Bloomberg news service.
According to Bloomberg, China, through the first seven months of the year, has met 47 percent of its full-year capacity reduction goal. Therefore, the country intends to redouble its efforts to cut capacity, Bloomberg reported.
Bloomberg has the full story here.
Bloomberg has the full story here.
