The Ministry of Industry and Information Technology will take multiple measures to eliminate backward production capacity

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China Drying Network News At the end of 2012, the Ministry of Industry and Information Technology held an annual work conference to emphasize that in 2013, it will continue to adjust and optimize the industrial structure, and will strive to resolve the contradiction of overcapacity. As part of the system construction, the "Guiding Opinions for Promoting Big Enterprises to Do Better and Stronger" will also be introduced.

In 2012, in addition to a large excess of production capacity in the traditional industries such as steel, cement, flat glass, coal chemical, and shipbuilding, the once-hot chemical products such as nitrogen fertilizer, calcium carbide, chlor-alkali, methanol, and plastics also suffered from difficulty in sales due to production exceeding demand. Even the products of emerging industries such as polysilicon and wind power equipment have excess capacity.

To this end, the Ministry of Industry and Information Technology has made it clear that it must formulate targeted work plans and effective measures to digest a batch of production capacity, transfer a batch of production capacity, integrate a batch of production capacity, and eliminate a batch of production capacity. Miao Wei, Minister of the Ministry of Industry and Information Technology, stated that in 2013, it is necessary to accelerate the merger and reorganization of overcapacity industries and issue guidance on the implementation of merger and reorganization in key industries.

In the next step, the country will also formulate more fiscal, fiscal, and industrial policies to promote mergers and acquisitions. At the same time, the Ministry of Industry and Information Technology will strictly implement market access standards such as environmental protection, safety, and energy consumption, and make up its mind to phase out a batch of backward production capacity, prevent blind expansion of redundant construction and backward production capacity, and promote the establishment of equal-quantity reduction and replacement mechanisms for new production capacities and phased-out production capacities. Close the application scope of the central government financial subsidies for small businesses.

In the process of resolving the contradiction of overcapacity, some leading enterprises are quietly upgrading and their competitive strength has been continuously improved. Therefore, in 2013, the Ministry of Industry and Information Technology will also study and issue guidance to promote large enterprises to be better and stronger, and further guide enterprises in strengthening and innovation management.

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