Home > News > Industry News > China orders crackdown on industrial overcapacity

China orders crackdown on industrial overcapacity

Post Time:Sep 30,2009Classify:Industry NewsView:98

China announced sweeping curbs on surging investment in steelmaking, cement and other industries, warning that chaotic overexpansion was raising the danger of job losses and trouble for banks.

Under Wednesday's [Sept. 30] order, new aluminum production projects are banned for three years and regulators will limit spending on factories to make steel, cement, glass, polysilicon used in solar panels and wind power equipment, according to a Sept. 30 report.

Read full article

Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/china-orders-crackdown-industrial-overcapacityAuthor:

Hot News

返回顶部