Overcapacity being cut amid power shortages
By Liu Yiyu | China Daily | Updated: 2011-07-12 07:19
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The National Energy Administration said the government would work hard to eliminate obsolete capacity in industries such as steel and cement to control excessive growth of high energy-consuming industries. Liu Debin / For China Daily |
BEIJING - China will continue to phase out unneeded industrial capacity this year, with 2,255 enterprises closing facilities, while the government fights the worst power shortage in years, a statement on the Ministry of Industry and Information Technology (MIIT) website said on Monday.
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