NDRC: Overcapacity top reform priority for 2017

Economic planner says multiple policies will ensure 'substantial headway' is made

China's top economic planner said on Saturday that cutting excess production capacity will be a priority for its work next year.

The National Development and Reform Commission will continue to push supply-side reform, including cutting overcapacity, destocking, deleveraging, reducing corporate costs and shoring up weak links in the economy, according to a statement after its annual work conference.