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The campaign to cut overcapacities......>

CHINA PRESS: The campaign to cut overcapacities will see difficulties in 2018,
the Economic Information Daily reported on Thursday. For example, the Government
Report set a target to cut 150 million tonnes in coal capacities in 2018, which
is higher than expected, especially as most coal mines are currently making
profits - giving companies less motivation to shut down these mines, the report
said, citing Meng Xiangwen, an analyst at Shenwan Hongyuan Securities. More
policies need to come out to support the settlement of "zombie companies," Li
Yuhua, the mayor of Shizuishan city in Ningxia province, has said, according to
the report.

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