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Xi tells Hebei to hasten reduction of overcapacity

By Wang Yanfei | China Daily | Updated: 2017-01-25 08:13

Hebei province needs to quicken the pace of overcapacity reduction this year, President Xi Jinping said on Tuesday.

Xi said stepped-up efforts would lead to healthy economic growth through developing such emerging industries as dairy production. There should be zero tolerance for allowing "zombie" factories and enterprises previously shut down to restart operations, he said.

Cheating must not be permitted, the president said.

Xi tells Hebei to hasten reduction of overcapacity

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