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?:abstract
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The complete policy framework for addressing overcapacity includes financial incentives, fiscal policies, employee settlement and environmental protection Since 2017 coal-tired power has also been identified as a main sector subject to administrative strictures to curtail capacity According to the fourth national economic census data published in 2019 thcrc were 2,556 large raw coal producers in China, down 47 7% from the end of 2013 The Central Environmental Supervision Group, established by the then Ministry of Environmental Protection, with officials from the Central Commission for Discipline Inspection and the Organization Department of the CPC Central Committee as participants, is responsible for environmental inspections of provincial Party committees, governments and key enterprises on behalf of the CPC Central Committee and the State Council to ensure the implementation of entity responsibilities In addition to phasing out obsolete capacity and tightening environmental enforcement, great efforts have been made to foster new growth drivers, which have led to the flourishing of new industries, new formats and new business models (\'three new economies\') Since 2018, the National Bureau of Statistics (NBS) has started to estimate and release indices for value-added and growth engine indices of the \'three new economies \'
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