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China's National Development and Reform Commission chairman, He Lifeng, speaking Monday, is taking on excess industrial capacity.
Economy

China plans broader industrial capacity cuts

Government aims to trim fat in construction materials, coal-fired power

SHUNSUKE TABETA, Nikkei staff writer | China

BEIJING -- The body that steers China's economy said Monday it will push for industries beyond coal and steel to slash excess capacity, a policy shift that could reverberate throughout global markets.

"We'll accelerate supply-side structural reform," He Lifeng, chairman of the National Development and Reform Commission, told reporters. Deputy chief Ning Jizhe called paring capacity the most important of these measures.

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