BEIJING, Aug. 26 (Xinhua) -- China's State Council,
the Cabinet, warned Wednesday of overcapacity in emerging sectors such as wind
power, saying the country would move to "guide" development troubled by
overcapacity and redundant projects.
Overcapacity has persisted in the steel and cement
sectors, while redundant projects have surfaced in the emerging sectors of wind
power and polysilicon, said a statement issued after an executive meeting of the
State Council, presided over by Premier Wen Jiabao.
"Overcapacity and redundant projects remain prominent
because of slow progress in industrial restructuring in some of these sectors,"
the statement said.
"Guidance" would be particularly enhanced on the
development of steel, cement, plate glass, coal chemical, poly silicon, and wind
power sectors, it said.
The guidance would include strict controls on market
access, reinforced environmental supervision, and tougher controls over land
Banks were ordered to lend money for these sectors in
strict accordance with present industrial policies.
Relevant government agencies would also strengthen
monitoring over industrial capacity in these sectors, and jointly release
information on topics such as the current scale of operations, public demand,
and government industrial policies, said the statement.
China stops expansion projects in
steel industry for three years
Li Yizhong, Minister of China's Industry
and Information Technology attends a press conference in
Beijing, Aug. 13, 2009.(Xinhua/Long Tao)
BEIJING, Aug. 13 (Xinhua) -- China's Ministry of
Industry and Information Technology (MIIT) Thursday announced a three-year
moratorium on approvals of new expansion-related proposals in the iron and steel
industry, as the government pledges to eliminate outdated capacity.
MIIT Minister Li Yizhong said overcapacity in the
steel industry was "the most evident" of all the industrial sectors, with this
year's estimated total output capacity at 660 million tonnes, compared with
estimated demand at 470 million tonnes. Full story
China stresses economic restructuring
in promoting growth
BEIJING, Aug. 25 (Xinhua) -- China needs to stress
economic restructuring while aiming at higher economic growth, according to a
report submitted Tuesday to China's law makers.
The report was delivered by Zhang Ping, Minister of the
National Development and Reform Commission, the top economic planning agency, to
the 10th session of the Standing Committee of the 11th National People's
Congress (NPC), the top legislature. Full story