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China introduces trial program to cut overcapacity

by ChemOrbis Editorial Team - content@chemorbis.com
  • 13/04/2016 (14:42)
According to media reports, China’ National Development and Reform Commission has introduced a trial program to cut overcapacity by applying restrictions in a wide range of sectors in order to close debt-ridden inactive firms as part of its main policy priorities for 2016.

The program will cover Shanghai, Tianjin and the provinces of Guangdong and Fujian.
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