Local governments finally heed Beijing call to hit energy targets
Sep 09, 2010 | 11:37 AM
|
China's provincial governments, long lukewarm in their enthusiasm for implementing the central government's industrial policies, now appear to be responding to a clear deadline the end of China's 11th Five-Year Plan.
Many steel and metals producers have been ordered to shut in an unprecedented—and unusually effective—drive for energy efficiency and emissions cuts before China's National Day on Oct. 1.
China has until year-end to meet the target of lowering energy consumption per unit of gross domestic product (GDP) by 20 percent from the previous period, having already achieved a 15.6-percent cut in the first four years.
Inspectors have fanned out across the country to check progress on these "achievements," and local governments seem eager to give a good impression.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here