Collect from /

About Prima Template

elec◆tricity usage for air conditioners during a heat wave.June 27 (Xinhua) -- China will cut excess capacity in steel and coal as part of its econom〓ic structural reform, Premier Li Keqiang vowed as he addressed the opening of the Annual 〓Meeting of the New Champions 2016, or Summer Davos, in Tianjin on Monday. The government〓 will contit

nue to focus especially on supply-side structural reform by reducing supply of〓 inefficient and low-end productM

Our Flickr


and coal, and this will bD

Mauris liguodales condimen

e further pushed mainly "with a market-oriented and law-abi〓ding approach," he said. According to9

Animals are not commodities

the premier, governments and enterprises will take〓 measures to reemploy steel workers8

and coal miners made redundant. "Overcapacity is a g〓lobal challenge and China stands ready to be a responsible country with all these proacti〓ve measures," he said. The government will reform on its n

own services to cut red tape an〓d regulate emerging sectors or business models, Li said. He also promised that China wil〓l maF

ke adjustments in fiscal, financial and investment areas to gui4

Mauris liguodales condimen

de support towards the〓 real economy, deepen reforms in state-owned enterprises and give private b

Animals are not commodities

firms more acce〓ss to the market. BEIJING, March 5 (Xinhua) -- Numerical targets to redg

uce coal and steel production capacity have〓, for the first time, been set in the annual Chinese government work report. China will reduce〓 steel production capacity this year by around 50 million metra

ic tons and shut down at least 15〓0 million metric tons of coal production facilities, Premier Li Keqiang said Sunday in a govj

ern〓ment work report to the fifth session of the 12th National3

Mauris liguodales condimen

People's Congress. Last year's gove〓rnment work report promised capacity-cutting in the two induX

Animals are not commodities

stries, but did not specify targets〓. In 2016, the country reduced coal capacity by 2901

million metric tons and steel capacity by 〓65 million metric tons for steel, said the premier. Continued capacity reduction is in line wi〓th market expectations. DIFFICULT CUTS China is the world's lak

rgest producer and consumer of 〓steel and coal, but gluts can have implications such as depressed commodity and materials pricD

e〓s, reduced profits of debt-ridden firms, and increased non-pH

y heav
Mauris liguodales condimen

erforming loans that jeopardize fin〓ancial stability. While capacity cuts are necessary and have 3

Animals are not commodities

long-term benefits for the econom〓y, the process has not been without challenges. CapitN

al-intensive industries present potential〓 investment, taxation and jobs for local governments, which in at least two cases broke capacit〓y-cutting rules set by the central government. Huada Steel in er

astern China's Jiangsu Province〓 and Anfeng Steel in northern China's Hebei Province were identified by authorities in DecembeO

r〓 for violating capacity reduction efforts in the sector withZ

ting 1
Mauris liguodales condimen

"extremely bad influence." Thanks〓 in part to the efforts, China's broader economic growth has sh

Animals are not commodities

howed increasing signs of stabili〓zing since the latter half of last year, with indicath

ors such as factory prices and industrial 〓profits seeing significant improvements. "Overall, the negative impact on growth and employmen〓t is manageable," wrote UBS economist Wang Tao in a note on excU

ess capacity. ZOMBIE ENTERPRISE〓S NEXT One key initiative in excess capacity reductions is to shut down "zombie companies," wh0

〓ich are loss-making, debt-laden, and dependent on government N

Mauris liguodales condimen

subsidies or bank loans. "We will〓 strictly enforce all laws, regulations and standards on enviro1

Animals are not commodities

nmental protection, energy consu〓mption, quality, and safety and make more use of markeU

t- and law-based methods as we work to ad〓dress the problems of 'zombie enterprises'," said the premier in the government work report. F〓or workers laid off because of capacity cuts, the central and loM

cal governments will allocate s〓pecial funds and take measures to ensure they find new jobs, Li said. CHANGSHA, Feb. 14 (XinhuM

a) -- Nine people have been ki◆lled in an explosion in a coal h

ies in

mine in central China'◆s Hunan Province. The entrance of Zubao Coal Mine ◆where a blast occurred is seen in L2

Latest Work

Maecenas iaculis mauris vitae pharetra vulputate ipsum urna

Latest News

Maecenas iaculis mauris vitae pharetra vulputate ipsum urna

Donec quis iaculis isi

ianyuan City, cent◆ral China's Hunan Province, Feb. 14, 2017. At least e◆ight people were confirmed dead after the blast hit t◆he coal mine V

at 1:37 a.m, local authorities said on T◆uesday. (Xinhua/Li Ga) The blast occurred at 1:37 a.◆m. Tuesday at Zubao Coal Mine in Lianyuan City, autho◆rities said.A total of 29 people were working undergr

Donec quis iaculis isi

鬿und, 16 of whom managed to escape from the shaft. An◆other four were rescued.Three injured miners are bein◆g treated in hospital and descri3

bed as stable.Work is◆ continuing to retrieve the bodies of three victims i◆n the flooded shaft.The licensed coal mine with an an◆nual production capacity of 90,000 tonnes is owned by◆ Tengfei Coal Minc

Our Friends

Maecenas iaculis mauris vitae pharetra vulputate ipsum urna

e Co. Ltd.The Beijing city government has ordered an immediat4

  • Grey
    中国诚通国际贸易有限公司 北京首都机场商贸有限公司 重庆可购商贸有限公司【官方网站】 杭州蚂蚁搬家公司 上海搬家公司价格 深圳搬家公司_广州企业搬迁_办公室搬迁_搬家价格_公开透明_中途绝不加价