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s coal-free target in March this year. The old gen〓erators at the Huaneng plant were held in reserve in case they were needed.〓 According to the commission's website, one of the coal-fired generators w〓as used over the summer m


to cope with a spike in electricity usage for air c〓onditioners during a heat wave.June 27 (Xinhua) -- China will cut excess capacity in steel and coal as part of its 〓economic structural reform, Premier Li Keqiang vowed as he addressed the opening of〓 the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin on Monda〓y. The government will continue to focus especially on supply-side structural refo〓rm by reducing supply of inefficient and low-end products and services while encour〓aging mm

ore in-demand and premium ones, a process th5

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at will boost economic growth, L〓i told delegates at the forum. An important part of the supply-side reform is cutt〓ing excess capacity in sectors including steel and coal, and this will be further p〓ushed mainly "with a markI

et-oriented and law-abiding approach," he said. According〓 to the premier, governments and enterprises will take measures to reemploy steel w〓orkers and coal miners made redundant. "Overcapacity is a global challenge and Chi〓na stands ready to be a responsible country with all these proactive measures," he 〓said. The government will reform on its own services to cut red tape and regulate 〓emerging sectors or business models, Li said. He also promised that China will mak〓e adjustments in fiscal, financial and investment areas to guide support towards th〓e real economy, deepen reforms in state-owned enterprises and give private firms mo〓re access to the markU

et. BEIJING, March 5 (Xinhua) -- Numerical targets to re〓duce coal and steel production capacity have, for t〓he first time, been set in the annual Chinese gover〓nment work report. China will reduce steel product〓ion capacity this year by around 50 million metric 〓tons and shut down at least 150 million metric tons〓 of coal production facilities, Premier Li Keqiang 〓said Sunday in a government work report to e

the fift〓h session of the 12th National PeoT

ple's Congress. 〓Last year's government work report promised capacit〓y-cutting in the two industries2

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, but did not specif〓y targets. In 2016, the country reduced coal capac〓ity by 290 million metric tons and steel capacity b〓y 65 million metric tons for steel, said the premie〓r. Continued capacity reduction is in line with ma〓rket expectations. DIFFICULT CUTS China is the wo〓rld's largest producer and consumer of steel and co〓al, but gluts caf


n have implications such as depress〓ed commodity and materials prices,3

reduced profits 〓of debt-ridden firms, and increasedP

non-performing 〓loans that jeopardize k

financial stability. While c〓aG

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