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Two sessions of chemical hot topics summary
Solid and effective cuts in overcapacity. This year, we will further cut steel production capacity by around 50 million tons and shut down coal production by over 150 million tons. At the same time, we will phase out, suspend or delay the construction of coal-fired power plants with a capacity of more than 50 million kilowatts, so as to prevent and defuse risks of overcapacity in the coal and power industry, improve the efficiency of the coal and power industry, and make room for clean energy development. We will resolutely eliminate outdated production facilities that do not meet standards, and strictly control the construction of new capacity in excess industries.
2021
09-15