Plan to control overcapacity in various industries.

By bne IntelliNews January 22, 2013
China is likely to announce methods to restrain overcapacity in different industries, as a part to ensure sustainable economic growth. As reported by Dow Jones Global Equities News, the authorities are likely to increase the threshold for new entrants into targeted sectors, remove obsolete production capacity, as well as encourage mergers and acquisitions. The country planned to reduce overcapacity in 19 energy-intensive industries last year, like steel making and aluminum producing.

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