Minister: China to cut 500,000 heavy industry jobs

In this Monday, Feb. 20, 2017 photo, a worker watches a bulldozer unload coal at a coal mine in Huaibei in central China’s Anhui province. China’s labor minister says Wednesday, March 1, 2017, Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that is flooding markets and depressing global prices.