In the new round of regulation and control over some industries with excess capacity, “going out†has become one of the directions that the Chinese government encourages and guides relevant companies.
Ten departments such as the National Development and Reform Commission jointly held an information conference in Beijing on the 19th to release policies and information on suppressing overcapacity and redundant construction in some industries and guiding the healthy development of the industry. It mentioned that combined with the implementation of the "going out" strategy, support for qualified companies to shift production capacity and form a new pattern of participation in international industry competition.
According to Xiong Bilin, inspector of the Industry and Coordination Department of the National Development and Reform Commission, some of China’s excess capacity is relatively mature internationally. For example, iron and steel, although there are still gaps in the high-end areas, the overall steel industry in China is gradually strengthening. Encouraging to build iron and steel plants abroad can reduce domestic overcapacity and pressure on energy and the environment.
"Overall, this is a road to sustainable development. It is time for China to 'go global'," said Xiong Bilin.
According to the information provided by the Development and Reform Commission, China's steel production capacity already built and under construction exceeds 700 million tons, and this year's global steel output is no more than 1.1 billion tons. The overcapacity of steel production is already evident. In addition to the traditional industries such as steel and cement, new industries such as wind power equipment and polysilicon have developed rapidly, and there has also been excess production capacity, which requires orderly development.
Ten departments such as the National Development and Reform Commission jointly held an information conference in Beijing on the 19th to release policies and information on suppressing overcapacity and redundant construction in some industries and guiding the healthy development of the industry. It mentioned that combined with the implementation of the "going out" strategy, support for qualified companies to shift production capacity and form a new pattern of participation in international industry competition.
According to Xiong Bilin, inspector of the Industry and Coordination Department of the National Development and Reform Commission, some of China’s excess capacity is relatively mature internationally. For example, iron and steel, although there are still gaps in the high-end areas, the overall steel industry in China is gradually strengthening. Encouraging to build iron and steel plants abroad can reduce domestic overcapacity and pressure on energy and the environment.
"Overall, this is a road to sustainable development. It is time for China to 'go global'," said Xiong Bilin.
According to the information provided by the Development and Reform Commission, China's steel production capacity already built and under construction exceeds 700 million tons, and this year's global steel output is no more than 1.1 billion tons. The overcapacity of steel production is already evident. In addition to the traditional industries such as steel and cement, new industries such as wind power equipment and polysilicon have developed rapidly, and there has also been excess production capacity, which requires orderly development.
Intertech Machinery Inc. , https://www.taiwanmouldmaker.com