Local rewards key to reining in Chinese steel overcapacity
Apr 19, 2013 | 12:14 PM
QINGDAO, China China should tackle steel overcapacity by giving more incentives to local governments to rein in new capacity, a Ministry of Industry and Information Technology official says.
The government should also raise energy and other costs to discourage new projects, Zhang Dechen, head of the ministrys raw materials department, said. ....
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