www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

China makes better-than-expected progress in overcapacity cuts

Xinhua | Updated: 2017-10-11 16:26

China makes better-than-expected progress in overcapacity cuts

A worker at a steel company in Lianyungang, East China's Jiangsu province, in Jan 2015.[Photo/China Daily]

BEIJING - China has made better-than-expected progress in cutting overcapacity in the steel and coal sectors amid steadfast government efforts to push economic restructuring.

In Hebei province, where the task in cutting overcapacity is tough, 15.72 million tons of steel production capacity and 14.08 million tons of iron were cut in the first half of this year, progressing faster than the same period last year, according to local authorities.

China's steel industry has long been plagued by overcapacity. The government aims to slash steel production capacity by around 50 million tons this year.

Nationwide, 85 percent of the target for excess steel capacity had been met by the end of May, through phasing out substandard steel bars and zombie companies, with Guangdong, Sichuan and Yunnan provinces already meeting the annual target, data from the National Development and Reform Commission (NDRC) showed.

About 128 million tons of backward coal production capacity was forced out of the market by the end of July, reaching 85 percent of the annual target, with seven provincial-level regions exceeding the annual target.

As a large number of zombie companies withdrew from the market, companies in the steel and coal sectors have improved their business performance and market expectations.

Lifted by improved demand and lower supply due to government policies to cut steel overcapacity and enhance environmental protection, steel prices continued to pick up, with the domestic steel price index gaining 7.9 points from July to 112.77 in August, and increasing 37.51 points from a year earlier, according to China Iron and Steel Association (CISA).

"It is unprecedented, showing that overcapacity cuts have prompted the healthy and sustainable development of the sector and improved business conditions of steel companies," said Jin Wei, head of CISA.

Companies in the coal sector also gained profits. In the first half, the country's large coal companies registered total profits of 147.48 billion yuan ($22.4 billion), 140.31 billion yuan more than the same period last year, according to the NDRC.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 成人精品视频在线 | 国产高清成人mv在线观看 | a级欧美片免费观看 | 欧美另类videosbestsex高清 | 色综合久久久久久久 | 国产精品免费观看视频播放 | 国内精品九一在线播放 | 国产一级免费 | 亚洲第一影院 | 欧美精品午夜毛片免费看 | 日本在线加勒比 | 日韩免费一级 | 97免费视频在线 | 欧美成a人免费观看久久 | 亚洲日韩中文字幕天堂不卡 | 久久精品国产第一区二区 | 国产成人亚洲综合网站不卡 | 步兵社区| 亚洲七七久久精品中文国产 | 久热精品6| 99精品一区二区三区 | 中文字幕一二三四区2021 | 免费观看欧美性一级 | 99视频久久 | 亚洲精品二区中文字幕 | 国产精品成人免费综合 | 国产精品久久毛片 | 国产成人十八黄网片 | 婷婷尹人香蕉久久天堂 | 国产浮力第一页草草影院 | 国产精品久久久久久久久福利 | 中文字幕乱码系列免费 | 国产区香蕉精品系列在线观看不卡 | a一级毛片视频免费看 | 国产精品久久久久久久久免费hd | 国产欧美日韩一区二区三区在线 | 一区二区三区四区在线免费观看 | 99久久99热精品免费观看国产 | 怡红院亚洲怡红院首页 | 九九九九热精品视频 | 国产欧美日韩视频免费61794 |