Friday, July 8, 2016

China govt-run steel, coal firms to cut 10 pct of capacity in 2 yrs -regulator

SHANGHAI, July 8 (Reuters) - China's central-government run

steel and coal firms will cut capacity by around 10 percent in

the coming two years, and by 15 percent by 2020, as part of

their efforts to tackle gluts in the sectors, the state asset

regulator said on Friday.

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