BIZCHINA / Center |
NDRC to further regulate nonferrous metal industryBy Hao Zhou (chinadaily.com.cn)
Updated: 2007-08-06 15:55 China will tighten the management over the nonferrous metal industry in the second half year with the aim to curb blind investment in copper, aluminum, and lead-zinc refining sectors, according to a recent report issued by the National Development and Reform Commission, China Securities News reported today.
Meanwhile, fixed assets investment in the industry reached 43.4 billion yuan (US$5.74 billion), up 40.8 percent from a year before, and 16.2 percentage points lower than the growth rate in the first quarter this year. The report suggested it will step up efforts to eliminate outdated technologies and equipment in the nonferrous metal industry. Furthermore, it will employ an electricity pricing system to guide the industry towards a complete structural overhaul and encourage better performance in energy efficiency and environmental protection. |
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