Arab Today, arab today china cuts excess production capacity
Last Updated : GMT 03:58:41
Arab Today, arab today
Arab Today, arab today

China cuts excess production capacity

Arab Today, arab today

Arab Today, arab today China cuts excess production capacity

Chinese factories ordered to cut production in an attempt
Beijing - XINHUA

China has seen positive developments in reducing excess production capacity as it works to improve economic structure, according to a report of the National Development and Reform Commission (NDRC) on Sunday.
In the first six months of the year, investment into the steel and electrolytic aluminum sectors dropped by 8.4 percent and 31 percent year on year respectively.
Major steel companies started to make profits in March. In May, they recorded a combined profit of 2.85 billion yuan (about 462 million U.S. dollars), 2.3 times that of April.
In the first four months, companies in the cement sector raked in a combined profit of 17.2 billion yuan, up 109.3 percent year on year.
Companies producing plate glass saw their profit up 78 percent to 1.8 billion yuan during the January-April period.
Shipbuilders received 40.80 million deadweight tonnages of new ship orders in the first six months, up 78.2 percent on a year-on-year basis.
China has been addressing overproduction in the above five sectors through measures such as closing small factories and limiting investment into these industries.
The NDRC said China will continue with the push to reduce the excess capacity and improve the efficiency of the economy.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china cuts excess production capacity Arab Today, arab today china cuts excess production capacity

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china cuts excess production capacity Arab Today, arab today china cuts excess production capacity

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday