Chinascoal-richprovincevowstoslashovercapacityin2017 -China-Chinadaily.com.cn

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USEUROPEAFRICAASIA中文双语FrançaisHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILEChinaNewsSocietyInnovationHK/Taiwan/MacaoCover StoryPhotosEnvironmentHealthMilitaryHome / China / National affairsChinas coal-rich province vows to slash overcapacity in 2017
Xinhua | Updated:2017-01-15 07:17TAIYUAN — Shanxi province, the center of Chinas coal industry, will cut 20 million tonnes of coal capacity in 2017, said the provincial government on Saturday. Slashing excess coal production capacity would remain top on the local governments agenda in 2017, said Lou Yangsheng, governor of Shanxi, when delivering the provincial government work report to the opening of the annual session of the Shanxi Provincial Peoples Congress. “Coal overcapacity reduction should be achieved through market and law-based means,” said Lou, adding mergers and reorganizations will be encouraged. Shanxi reduced 23.25 million tonnes of coal production capacity and shut down 25 coal mines last year. The province cut coal production by 143 million tonnes, or 40 percent of the countrys total reduction of coal production, last year. The provinces move is part of a national campaign to cut overcapacity, as tangible results have been achieved. China achieved its 2016 target of retiring 45 million tonnes of steel and 250 million tonnes of coal production capacity. Shanxi also sets its economic growth target at 5.5 percent this year, which aims at “leaving wiggle room for transformation and reform” , said Lou. Obstacles remain on the provinces path of economic recovery, such as high debt rate, a lack of new growth engines and talent resources, warned Lou.Related StoriesIn smog battle, Beijings neighbor plans to reduce coal powerChinese coal-rich province closes, restructures 25 coal minesChina orders coal mine safety overhaul as colliery accidents riseChina pledges to cut coal emissionsPhotoLantern fair held at underground cave dwellings in Chinas HenanFish dehydrated to greet upcoming Spring Festival in E ChinaXi extends New Year greetings to veteransChinas aircraft carrier returns to port after drillSpring Festival season: Fighting for a ticket homeHigh-speed, high-tech: Alleviating travelers during Spring Festival travel rushLatestOne China policy nonnegotiable, China tells USChina to formulate judicial exclusionary rule of illegal evidenceRailway trips surge as Chinese start Spring Festival travelProcuratorates approve arrest of 19,000 telecom fraud suspectsLantern fair held at underground cave dwellings in Chinas HenanState Council NewsHow China drives world economyState Council rules bring more benefits to disabled peopleExclusiveHigh-speed, high-tech: Alleviating travelers during Spring Festival travel rushChunyun: The largest human migration in the worldYear in Review: China in 2016Editors picksLooking to crack the unwritten codeUS Ambassador Baucus bids farewell to ChinaTen photos you dont wanna missTen photos from around China: Jan 6 – 12SpecialDiscovering FujianYear in Review: China in 2016BACK TO THE TOPHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILECopyright 1995 -var oTime = new Date();
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