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China plans to cut 30 million tonnes of ineffective steel capacity and 150 million tonnes of coal capacity in 2018, according to a government work report released earlier this month.
These moves, which are important to modernize China's system and capacity for governance, will lay a solid foundation for realizing the goal of building a great modern socialist country, analysts have said.

In a report on government work earlier this week, Chinese Premier Li Keqiang pledged to strengthen the fundamental role of consumption in driving economic growth, open China's market wider and defend free and fair trade. Experts believe these efforts will inject new impetus into China's growth and further boost the global economy.
Speaking highly of Xi's vision and foresight on state governance, Mnangagwa said Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era greatly inspired Zimbabwe to take a development path with its own characteristics.
"Once again, I would like to sternly warn Taiwan that relying on foreigners to build you up will only draw fire against yourself," said An Fengshan, spokesperson for the Taiwan Affairs Office of the State Council.
来源:资阳报