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National Development and Reform Commission Chairman He Lifeng called China's success in cutting excess industrial capacity "amazing." (Photo by Kosaku Mimura).
China People's Congress 2018

Chinese planner vows industrial production cuts will continue

Reductions in plate glass and cement output may follow steel and coal

CK TAN, Nikkei staff writer

BEIJING -- The Chinese government on Tuesday hailed success in reducing industrial overproduction and promised more cuts as part of structural reforms and efforts to address environmental pollution. Rising prices, especially for steel products, could however make further progress more difficult.

Officials said 55 million tons of steel production capacity was eliminated last year, following a cut of 65 million tons in 2016.

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