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China unveils list for production cuts

Source:   Time:

BEIJING, Sept. 16 (Xinhua) -- China on Monday unveiled a list of 58 companies that should cut their excess production capacity by the end of the year as a part of the country's economic restructuring drive.

The enterprises are from 13 industries with overcapacity, mostly energy-consuming and highly-polluting ones, including steel, coke, cement, printing and dyeing sectors, according to a Ministry of Industry and Information Technology statement.

Local authorities must ensure that overcapacity of the companies is thoroughly eliminated, rather than transferred to other regions, the ministry said.

This is the third batch of enterprises that are required by the ministry to cut overcapacity by the end of 2013.

The move is a part of government efforts to adjust and upgrade industrial structures and push forward energy conservation and emissions reduction.

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