The National Development and Reform Commission said Tuesday that China should quicken its pace for reducing overcapacity in steel and coal production. The NDRC says rising prices for the commodities have been weakening the resolve of local governments to accelerate the cuts.

The NDRC says that's because the local governments are worried that capacity cuts could hurt growth.

The NDRC also says that steel capacity reductions in the first seven months of this year have so far reached only 47 percent of its 2016 target. That's why cuts in coal capacity have reached only 38 percent of the NDRC's target.