Sponsored by China Mining Association (CMA)
About Chinese Contribution
 
   
   

Home >> News >> Headlines

Chinese govt sends steel capacity reduction investigators

(Xinhua)
Updated: 2016-11-29 09:03
Counter:

    Work teams from the State Council, China's cabinet, have been dispatched to two provinces to see if steel capacity cut rules were breached.

    They have arrived in the city of Qinhuangdao in Hebei povince and Xuzhou in Jiangsu povince to conduct on-site investigations into local steel companies' practices.

    The investigation teams are composed of officials from ten government departments and industry associations including the National Development and Reform Commission and Ministry of Industry and Information Technology.

    The move follows a State Council executive meeting earlier this week which revealed that some companies might still be seeking to add capacities.

    China is the world's largest producer and consumer of steel and coal. Cutting overcapacity is a high priority as the two industries have become a drag on growth.

    Steel capacity is set to be cut by 45 million tons this year.

 

Comment: Name ValidCode View Comment
     
  Copyright 2001-2010. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Mining Association (CMA). Without written authorization from CMA, such content shall not be republished or used in any form.
If you have any suggestion or opinion, please contact us: (8610) 66557688 or
pub@chinamining.org.cn
Note: Browsers with 1024*768 or higher resolution is suggested for this site. Mail Server