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Article: China : China to Study Curbs on Overcapacity in Steel, Cement.

Article from:
TendersInfo
Article date:
August 28, 2009
Copyright

Byline: sanjayV03

China s cabinet said it s studying curbs on overcapacity in industries including steel and cement as policy makers seek to rein in investment growth fueled by a record credit expansion this year.

The government will also increase guidance over parts of the coal, glass and power industries, the State Council said on its Web site today. Controls on stock and bond sales by companies in targeted sectors will be strengthened, it said.

China is aiming to prevent excessive investment in the world s biggest user of steel and cement without imposing restrictions that may endanger an economic recovery. The nation s benchmark stock index ...

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