A little more on the Hebei headline and some background
(this via Bloomberg, reporting on a Xinhua piece):
- Iron and steel capacity will be cut by 32 million tonnes this year, said governor Zhang Qingwei on Sunday
- Capacities of coal, cement and flat glass will be reduced by 7.42 million tonnes, 1.1 million tonnes and 5 million weight cases in 2017
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Hebei Province is a leading iron and steel producer in China
- Produces around a quarter of China's iron and steel
- Has more than half of the ten most polluted cities in the country
- Hebei's "blue sky" action plan promotes use of electricity and gas instead of coal
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And, of you'd like even more detail from Reuters over the weekend: Hebei to cut 31.86 mln tonnes of steel and iron capacity in 2017-Xinhua
