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China plans to reduce crude steel output by 100 to 150 million tons by 2020.
China will come up with more steps to further bolster the confidence of foreign enterprises in the country and help them overcome the difficulties arising from the novel coronavirus epidemic, the country's top economic regulator said on Tuesday.
China plans to cut ineffective steel capacity of 30 million tons and coal capacity of 150 million tons in 2018, according to a government work report released earlier this month.
China sticks to its goal of denuclearization of the peninsula, firmly maintains the international nonproliferation system and firmly safeguards the peace and stability of Northeast Asia, he added.
China plans this month to launch its long-awaited crude oil futures contract that will allow the country to further open up its markets, develop China’s own benchmark for oil pricing and potentially expand the use of its currency.
来源：资阳报