China State assets regulator says will complete excess coal capacity cut

Reuters with headlines from China's state assets regulator

Says centrally-owned SOEs' Q1 profits up 20.9 pct at 377.06 bln yuan

• Says centrally-owned SOE March profit up 17.8 pct to 169.87 bln yuan
• average debt-to-assets ratio is 65.9 pct at end-March

Says will complete excess coal capacity cut, firmly deal with "zombie firms"

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SOE is State Owned Enterprise

Cutting excess capacity at these is all part of reforms being undertaken on China.

Cutting mining capacity should net be a positive input for those exporting resources to China (hello AUD)