China's 2017 industry capacity utilization at 5-y high

China's industrial capacity utilization rate for 2017 hit a five-year high at 77% on average, or up 3.7 percentage points year on year, mainly thanks to the government's excess capacity cuts in its core industries including steel as part of supply-side reform.

China’s industrial capacity utilization rate for 2017 hit a five-year high at 77% on average, or up 3.7 percentage points year on year, mainly thanks to the government’s excess capacity cuts in its core industries including steel as part of supply-side reform, according to the latest data from National