AskChina: Tackling overcapacity

An estimated 1.8 million Chinese people in the coal and steel sectors are likely to be reemployed as China aims to tackle its industrial overcapacity.
Responding to how the government plans to settle these people to avoid unemployment, the spokesman said that China has set up fund of 100 billion yuan (15 billion US dollars) to assist these individuals.
He further went on to state that the government has at its disposal a set of measures that it can adopt, such as training people in order to equip them with skills needed in other industries.

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