Abstract It is learned from authoritative sources that the National Development and Reform Commission, the Ministry of Industry and Information Technology and the relevant departments are studying and resolving overcapacity work, and the overall plan for resolving the overcapacity contradiction has been drafted. The program will focus on overcapacity in the five major industries of steel, cement, electrolytic aluminum, flat glass and shipbuilding...
It was learned from the authoritative sources that the National Development and Reform Commission, the Ministry of Industry and Information Technology and the relevant departments are studying and resolving the work of overcapacity, and the overall plan to resolve the overcapacity contradiction has been drafted. The program will focus on overcapacity in the five major industries of steel, cement, electrolytic aluminum, flat glass and shipbuilding.
The source told the China Securities Journal that the contradiction of overcapacity was mainly achieved by setting some access standards and using market mechanisms to eliminate some of the backward production capacity, so that the industry's capacity utilization rate reached 80%.
China Nonferrous Metals Industry Association data show that in 2012 China's alumina capacity utilization rate was 72.5%, electrolytic aluminum capacity utilization rate was 78%, and the aluminum industry was in a state of overcapacity. In addition, public data shows that the steel industry capacity utilization rate is only 67%, and the cement and flat glass industry capacity utilization rate is also less than 75%.
Resolving the problem of overcapacity has become one of the important contents of the central government's economic work this year. On May 10th, the “Notice on Resolutely Curbing the Blind Expansion of Overcapacity Industries†was issued. The notice was clear, and the contradiction of overcapacity in the industries of steel, cement, electrolytic aluminum, flat glass, and ships was taken as the focus of this year's work.
It is understood that at present, in accordance with the requirements of “respecting the law, dividing the policy, multi-pronged approach, treating both the symptoms and the roots†as required in the notice, and the requirements of “digesting a batch, transferring a batch, integrating a batch, and eliminating a batchâ€, the Ministry of Industry and Information Technology is Study and formulate an overall plan to resolve the contradiction of overcapacity.
On July 25, the Ministry of Industry and Information Technology announced the first batch of enterprises involved in the elimination of backward production capacity, which involved a total of 1,294 enterprises in 19 industrial fields.
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