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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 market. BEIJING, March 5 (Xinhua) -- Numerical targets to re〓duce coal and steel product5

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ion 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 facif

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lities, Premier Li Keqiang 〓said Sunday in a government work report to the fift〓h session of the 12th National People's Congress. 〓Last year's government work report promised capacit〓y-cutting in the two industries, but did not specif〓y targets. In 2016, t4

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he 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 capaci9

ty 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 can haS

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