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China likely to meet coal capacity reduction target ahead of schedule

China will likely meet its 2016 goal of reducing coal capacity by 500 million tonnes within five years ahead of schedule, Xinhua News reported Nov. 21, citing an official with the country's top state planner.

Lian Weiliang, deputy head of the National Development and Reform Commission, said the number of coal mines in China will drop to about 7,000 by the end of 2017 from 10,800 in 2015.

The country aims to slash coal capacity by 150 million tonnes this year. In 2016, it was able to cut capacity by more than 290 million tonnes, the report said.