Overcapacity obsession
By Zhao Xiao and Chen Jinbao | China Daily | Updated: 2013-08-19 07:58
The market rather than the government should determine which iron and steel enterprises are to close down
The elimination of iron and steel overproduction has been a key part of a campaign the government launched in 2010 to promote its long-overdue industrial structural adjustment.
That the government decides which steel enterprises will be retained and which are to be closed down shows that China still uses administrative means to decide the fate of its steel enterprises.
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