COMMENT Beijing getting tough on overcapacity?
Aug 09, 2010 | 11:50 AM
China has taken what appears to be a harder line in its drive to force older smelters and furnaces out of the market blacklisting and sanctions.
More than 2,000 companies—including subsidiaries of some major names like Hebei Iron & Steel and Aluminum Corp. of China—have been told to stop operating some facilities by the end of September or they could face severe restrictions on the rest of their business.
The Ministry of Industry and Information Technology, which takes a leading role in industrial restructuring, published the names of 2,087 companies on its Web site, giving the impression that the ministry's resolve has stiffened.....
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