China moves to accelerate elimination of excess capacity

December 2 News, the State proposed to further strengthen the elimination of backward production capacity of the notice, coordinating the NDRC, Ministry of Industry, Ministry of Finance, Central bank and many other departments, with stringent measures, focusing on power, coal, steel, cement, non-ferrous, coke, paper, leather, printing and dyeing industries, such as backward capacity elimination　　Sino-New Society, Qingmin, Beijing, December 3 (Xinhua) China's economic "protect eight" without risk, advocating multi-year elimination of excess capacity has been "serious" stage, "adjustment structure" is becoming China's economy is facing a major strategic task. December 3, the Ministry of Industry and Information Technology department issued to curb the flat glass industry overcapacity and duplication of construction advice. China's flat Glass has an annual capacity of 650 million heavy boxes, accounting for half of world production.　　Affected by the financial crisis, demand has fallen sharply, the flat glass industry lost more than 400 million yuan in the first half, and the construction and proposed capacity of 30.　　The ministry said that to curb the excess capacity of flat glass, mainly to strictly control the new production capacity, accelerate the elimination of backward production capacity, encourage mergers and acquisitions, support technological transformation and other means. In the project approval link, the National Development and Reform Commission has strengthened the approval management of many industries. The National Development and Reform Commission Industry Coordination Department Inspector Chong Pirin said 3rd, "will strengthen the steel, cement and flat glass project approval management, no longer approve and support the pure new, expand capacity of the steel project."　　The person in charge said that it is strictly forbidden to eliminate the name of backward production by the same amount, avoid the supervision and approval of the State environmental protection, land and investment authorities, and build steel projects by themselves. In fact, China has already seen severe overcapacity in many areas of traditional industry.　　The Ministry of Industry and Information technology has already formulated nine industries ' merger and reorganization guidance. There is news that the State Council is about to nine large surplus industry "".　　It is reported that nine major industries including electricity, coal, steel, cement, non-ferrous metals, coke, paper, leather, printing and dyeing.　　According to reports, a number of departments will be "joint operations" to eliminate backward production capacity, including the NDRC, Ministry of Industry, Ministry of Environmental Protection, Ministry of Land, Ministry of Commerce, General Administration of Customs, Ministry of Finance, Central bank, Banking Regulatory Commission, Quality Inspection Bureau, the General Administration of Industry and commerce, the The Ministry of Industry and Information Technology 3rd, the elimination of excess capacity of the task to the local government, involving electricity, iron, steel, electrolytic aluminum, ferroalloy, calcium carbide, coke, cement, glass, paper, alcohol, monosodium glutamate, citric acid and other 13 industries.　　It is reported that the elimination of backward capacity targets completed or will be included in the local government performance appraisal system. It is also understood that the country's proposed key initiatives also include: overcapacity in the industry will adhere to new capacity and the elimination of backward production capacity "equivalent replacement" or "reduction replacement" principle, is strictly prohibited to backward capacity and serious excess capacity construction projects to provide land, to curb the high emissions of market demand, strict restrictions on exports and so on. Finish