"Authorities should also make plans to support worker re-employment or retraining in accordance with their needs. Labor unions in eastern areas should also cooperate with northeastern China on employment, where the overcapacity reduction task is heavier."
The national political advisers believe that sound and stable economic growth will continue in 2018, supported by supply-side structural reform, Wang Guoqing, the spokesman of the first session of the 13th National Committee of the Chinese People's Political Consultative Conference, said at a news conference.
Small-scale disasters should be managed by local governments and the Ministry of Emergency Managements will provide support. When serious disasters occur, the ministry will be the headquarters to coordinate rescue and relief efforts, the plan said.
In recent years, governments at all levels have been working to trim overcapacity. In 2016, the State Council issued two guidelines to fight against excess steel and coal production, demanding a reduction of nearly 500 million metric tons of coal and 100 to 150 million tons of steel in three to five years.
Separatists in Taiwan are being naive or self-deceiving if they consider the US State Department’s approval of a marketing license to sell military submarine technology to the island to be good news.
Cutting overcapacity in certain industries means a number of workers will likely become unemployed. According to China Labour and Social Security News, the central government's overcapacity reduction plan in 2016 affected 1.8 million steel and coal workers.