Local rewards key to reining in Chinese steel overcapacity

Apr 19, 2013 | 12:14 PM | None

Tags  China steel, local rewards, steel overcapacity, Zhang Dechen, Ministry of Industry and Information Technology

QINGDAO, China — China should tackle steel overcapacity by giving more incentives to local governments to rein in new capacity, a Ministry of Industry and Information Technology official says.

The government should also raise energy and other costs to discourage new projects, Zhang Dechen, head of the ministry’s raw materials department, said. ....





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