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China cuts overcapacity in coal and steel industries

This year, new jobs will be found for half a million steel and coal workers as capacity is cut in those industries, China's labour minister said on Wednesday.

Shuangyashan, China

AFTER protests by unpaid coal miners made headlines around the world last year as China's Parliament was meeting, a US$15 billion assistance fund offered by the ruling Communist Party became a symbol of the government's need to ensure social stability.

As the...

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