China orders production cuts in 19 industries to redirect economy despite slowing growth

  • by: JOE McDONALD , AP Business Writer
  • Updated: July 26, 2013 - 12:45 AM

BEIJING — China's government has ordered companies to close factories in 19 industries where overproduction has led to price-cutting wars, affirming its determination to push ahead with a painful economic restructuring despite slowing growth.

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