MIIT: China makes progress in capacity removal in electrolytic aluminum and other industries

On July 25th, the Information Office of the State Council held a news conference about the development of industry and communication industry in the first half of 2017.Asian Metal CopyrightOn July 25th, the Information Office of the State Council held a news conference about the development of industry and communication industry in the first half of 2017.Asian Metal Copyright Zhang Feng, the news spokesman from the Ministry of Industry and Information Technology (MIIT), introduced that China steadily stimulated the supply-front reform in industry.Asian Metal Copyright8% of annual de-capacity tasks in the first 5 months and completely cracked down substandard steel in late June with great progress in capacity removal in electrolytic aluminum, cement, sheet glass and other industries.Asian Metal Copyright In particular, China sped up the removal of excessive capacity and finished 84.Asian Metal Copyright8% of annual de-capacity tasks in the first 5 months and completely cracked down substandard steel in late June with great progress in capacity removal in electrolytic aluminum, cement, sheet glass and other industries.Asian Metal Copyright8% of annual de-capacity tasks in the first 5 months and completely cracked down substandard steel in late June with great progress in capacity removal in electrolytic aluminum, cement, sheet glass and other industries.Asian Metal CopyrightOn July 25th, the Information Office of the State Council held a news conference about the development of industry and communication industry in the first half of 2017.Asian Metal Copyright Meanwhile, China continued to carry out measures to reduce production costs and supervise all regions to cancel over 200 varieties of cash deposit projects related with enterprises with over RMB300 millions of cash deposit being returned.Asian Metal Copyright8% of annual de-capacity tasks in the first 5 months and completely cracked down substandard steel in late June with great progress in capacity removal in electrolytic aluminum, cement, sheet glass and other industries.Asian Metal Copyright In addition, related enterprises made obvious effects in de-leverage and the debt to assets ratio of enterprises above designated scales was 56.Asian Metal Copyright Meanwhile, China continued to carry out measures to reduce production costs and supervise all regions to cancel over 200 varieties of cash deposit projects related with enterprises with over RMB300 millions of cash deposit being returned.Asian Metal Copyright1% in late May, down by 0.Asian Metal CopyrightOn July 25th, the Information Office of the State Council held a news conference about the development of industry and communication industry in the first half of 2017.Asian Metal Copyright7 percentage points YOY.


.Asian Metal Copyright In particular, China sped up the removal of excessive capacity and finished 84Asian Metal Copyright