Tuesday 21 November 2017
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thefinancialexpress
3 months ago

IMF urges Beijing to cut excess steel, coal capacity

WASHINGTON, Aug 16 (Reuters): The International Monetary Fund (IMF) on Tuesday urged China to set more ambitious targets for its coal and steel industries to cut excess production capacity and bring more efficient plant on line as Beijing bids to steps up economic reforms. China, the worldand#39;s top steel and coal producer, has vowed to launch a campaign to cut excess capacity in various industrial sectors, including coal-fuelled power and the construction materials industry, in an effort to cut inefficie

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