Chinese government to continue strict control of steel and electrolytic aluminum sectors next year

Interfax :: China: The Chinese government will continue to control the development of the iron and steel and electrolytic aluminum sectors in 2005 to prevent excessive fixed asset investment and blind business expansion.

Ma Kai, director of the National Development and Reform Commission, said at the National Development and Reform Executive Meeting that the government would strictly control the iron and steel, electrolytic aluminum, coke, concrete, and calcium carbide sectors by restricting land approvals and loan extensions and optimizing and sticking to standards for energy and raw materials consumption, environmental protection, and security.

The government will do everything possible to allay power shortages this winter and throughout next year but will at the same time clean up the power sector by eliminating unregulated power plants. Authorities will strictly control or stop providing power for high power consuming and high polluting enterprises that fail to comply with national industry development policy.

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