Overcapacity reduction targets raised for 2014

In a new push to fight pollution and accelerate industrial upgrading, Chinese authorities have upped the target eradication of outdated steel production capacity to 28.7 million metric tons.

The Ministry of Industry and Information Technology announced new obsolete capacity reduction targets on its website on Thursday.

Compared with numbers released in a March government report delivered by Premier Li Keqiang, the new goal is 1.7 million tons higher.