Li Keqiang Sends Reform Message, Steel Companies to Cut 45 M Tons

China Daily: Li gets reform message across on Tianjin visits
Premier Li Keqiang visited an old State-owned firm revitalized by innovation, talked to executives of a cloud computing startup and rode a "super smart bicycle" during a tour of the northern port city of Tianjin on Sunday afternoon.
The message he wanted to get through is clear: China should count on reform and innovation to replace old drivers of growth with new ones, and push ahead with industrial upgrading.
At the Tianjin Optical Electrical Group, the maker of China's first laser printer, Li said he was glad to learn that the State-owned company, which is more than 60 years old, is encouraging its innovators to launch new enterprises and turn their ideas into marketable products.

SCMP: China to cut steel capacity by 45 million tonnes this year: state planner
China plans to cut steel production capacity this year by 45 million tonnes and lower coal output capacity by 280 million tonnes, the head of the country’s top economic planner said ­yesterday.

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