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opardize financial stability. Whi●le capacity cuts are necessary and have long-term benefits for the economy, theE

process has not b●een without challenges. Capital-intensive industries present potential investment, taxation and ●jobs for local governments, which in at least two cases broke capacity-cutting rules set by the c●entral government. Huada Steel in eastern China's Jiangsu Province and Anfeng St0

eel in northern ●China's Hebei Province were identified by authorities in December for violating capacity reductio●n efforts in the sector with "extremelyJ

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bad influence." Thanks in part to the efforts, China's b●roader economic growth has showed increasing signs of sy

tabilizing since the latter half of last y●ear, with indicators such as factory prices and industrial profits seeing significant improvement●s. "Overall, the negative impact on growth and employment is manageable," wrote UBS economist Wa●ng Tao in a note on excess capacity. ZOMBIE ENTERPRISES NEXT One key initiative in excess capac●ity reductions is to shut down "zombie companies," which are loss-making, debt-laden, and depende●nt on government subsidies or bank loans. "We will strictly enforce all laws, regulations and st●andards on environmental protection, energy consumption, quality, and safety and make more use of● market- and law-basedM

methods as we work to address the problems of 'zombie enterprises'," said ●the premier in the government work report. For workers laid off because of capacity cuts, the ce●ntral and local governments will allocate special funds and take measures to ensure they find new● jobs, Li said. CHANGSHA, Feb. 14 (Xinhua) -- Nine people have been killed in an explosion in a coal mine in c◆entral China's Hunan Province. The entrance of Zubao Coal Mine where a blast occurred is s◆een in Lianyuan City, central China's Hunan Province, Feb. 14, 2017. At least eight people we◆w

re confirmed dead after the blast hit the coal mine at 1:37 a.m, local authorities said on Tu◆esday. (Xinhua/Li Ga) The blast occurred at 1:37 a.m. Tuesday6

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at Zubao Coal Mine in Lianyuan◆ City, authorities said.A total of 29 people were working underground, 16 of whom managed to ◆escape from the shaft. Another four were rescued.Three injured miners are being treated in ho◆spital and described as stable.Work is continuing to retrieve the bodies of three victims in ◆the flooded shaft.y



The licensed coal mine with an annual production capacity of 90,000 tonnes ◆is owned by Tengfei Coal Mine Co. Ltd.The Beijing city government has ordered an immediate restart to coal-fueled 〓generators to ease the shortage of liquefied natural gas in northern China.〓 In a notice released on Thursday but only widely publicizi

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