Investment growth in China's steel, cement and other industries with excess capacity fell sharply

2014-07-31 08:58:32

China news service Beijing, July 24 (reporter liu yuying)

Due to the implementation of strict policy, eliminate excess capacity in the first half of 2014, China's steel cement flat glass industry investment growth dropped sharply, and even decline in China's Ministry of Industry and Information Technology, a spokesman for running monitoring, coordination bureau chief lisa zheng 24 in the first half of this year, steel smelting non-ferrous industry investment fell by 12.8% and 7.3% respectively, cement and flat glass industry investment fell by 9.7% and 4% respectively, the coal industry and metallurgical industry growth rate decreased 3.8 and 3.4% year on year

The ministry of industry and information technology (miit) recently released a list of 1,181 enterprises in 15 industries that closed down backward production capacity in 2014. Among them, 46.861,000 tons of backward production capacity were closed down in the steel industry, involving 30 of 44 steelmaking enterprises