Reductions this year's 'major task' in supply-side reform

China will further reduce excessive steel and coal production capacity and extend capacity cutting efforts to energy sectors this year, a senior official with the nation's top economic planning body said on Monday.

"Cutting overcapacity remains the major task this year while implementing supply-side reform," said Ning Jizhe, vice-minister of the National Development and Reform Commission, at a news conference on the sidelines of the ongoing national legislative and political advisory sessions. "Strengthened efforts in cutting overcapacity will continue in 2018."