Ten departments including the National Development and Reform Commission jointly held on the 19th to suppress information on overcapacity and redundant construction in certain industries. It was announced that the relevant departments of the state will be responsible for overcapacity industries such as steel, cement, flat glass, coal chemical, polysilicon, and wind power equipment. In principle, projects that increase production capacity will no longer be approved.
Investment authorities at all levels will further strengthen the examination and approval management of overcapacity industry projects, refrain from rectification and approval of non-compliance, and strictly prevent fiscal capital from flowing into overcapacity industries; before the introduction of the new approval list, six overcapacity industries Projects that really need to be built must be reported to the Development and Reform Commission for demonstration and approval.
The relevant industry management departments will further improve the access threshold for energy consumption, environmental protection, and comprehensive utilization of resources in industries such as steel, cement, plate glass, and traditional coal chemical; and timely establish and improve access standards for new industries such as polysilicon and wind power equipment. Avoid blind and disorderly construction.
The materials distributed by the ten departments jointly at the press conference also pointed out that those who started construction without approval should be given priority in accordance with the law; those that did not meet the adjustment and revitalization plans for key industries and related industrial policies must not be approved according to prescribed procedures. For approved projects, financial institutions are not allowed to issue loans.
According to Xiong Bilin, inspector of the Industry and Coordination Department of the National Development and Reform Commission, the industries involved in the suppression of excess production capacity and redundant construction are characterized by strong marketability and global resource allocation. Therefore, when formulating policies, it not only gives full play to the role of the market mechanism, but also supplements the necessary regulatory measures. It not only proposes countermeasures to strictly control excess production capacity, but also proposes policy guidance to guide the healthy development of the industry.
The ten departments responsible for their duties and division of labor responsible for the suppression of overcapacity and redundant construction in some industries are: the Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Supervision, the Ministry of Finance, the Ministry of Land and Resources, the Ministry of Environmental Protection, the People's Bank, and quality inspections. General Bureau, China Banking Regulatory Commission, and China Securities Regulatory Commission.
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