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China's state-owned firms to cut steel and coal capacity

CCTV.com

05-19-2016 06:42 BJT

China's central state-owned firms will cut steel and coal production capacity by 10 percent each over the 2016 to 2017 period. That's according to the State Council on Wednesday. China will also streamline procedures for starting companies in the country, thereby reducing the institutional cost of entrepreneurship.

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