China will cut steel capacity by 50-million tonnes and coal output by more than 150-million tonnes this year, its top economic planner said on Sunday as the world’s No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, the National Development and Reform Commission (NDRC) said it would shut or stop construction of coal-fired power plants with capacity of more than 50-million kilowatts.
