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3) Unremitting efforts were made to address the serious problem of overcapacity. In order to curb the expansion of production capacity, we reviewed and reorganized projects that were in violation of relevant regulations, and strictly forbade the registration and construction of new projects in industries that were already burdened with severe overcapacity. Last year we reduced excess production capacity by 13 million metric tons of iron, 17 million metric tons of steel, 38 million metric tons of cement, 300,000 metric tons of electrolytic aluminum, and 11 million weight cases of plate glass. Efforts were stepped up to help turn the coal industry around.
During the meeting, the economies also promised to fully implement agreed financial reforms, combat terrorist financing and mobilize green finance.
Tsai Ing-wen, candidate of the Democratic Progressive Party (DPP), won Taiwan's leadership election in January. Tsai defeated Eric Chu, candidate of the Kuomintang (KMT), the party which has ruled Taiwan for the past eight years.
Sun expressed the hope that the Panchen Lama will follow the instructions of the CPC Central Committee's general secretary Xi Jinping during their meeting in June last year and carry forward the fine tradition of his predecessors.
During his meeting with private entrepreneurs, Yu, chairman of the National Committee of the Chinese People's Political Consultative Conference, listened to opinions and suggestions on the country's economic structural adjustment and extended festival greetings ahead of China's Lunar New Year, which falls on Feb. 8 this year.
来源：资阳报