Ministry of Industry and Information Technology: to promote the corporate merger and reorganization, eliminate backward production capacity -

Ministry of Industry and Information Technology: to promote the corporate merger and reorganization

, eliminate backward production capacity -

August 13, Minister of Industry and Information Technology Li Yizhong of the State Council Information Office held a press conference on corporate mergers and acquisitions, eliminate backward production capacity, energy conservation and consumption reduction and other issues, on the Ministry of Industry and Information Technology will take the next step measures.

Li said, the merger and reorganization and the elimination of backward, I think the use of legal, economic, technical and necessary administrative means. We are to the State Department on behalf of a proposed merger and reorganization, and out on the promotion of backward documents. This work involves the assets, liabilities, claims, staff arrangements, land issues, as well as regional tax issues, etc., so it is a systematic project. Second is to energy conservation, environmental protection, quality, safety and other aspects of science and technology, market access barriers to further development, revision, there is an appropriate and high standards of market access barriers. Third, models and good examples, in mergers and acquisitions has been a lot of cases, to sum up good experience. The elimination of backward areas, where there are many mature way, to sum up. The elimination of backward and a responsibility system, in particular the elimination of eight key industries, backward, with specific targets and missions to various provinces and cities next to the implementation of grass-roots units. On energy saving, I just want to say, industrial energy consumption 70% of the entire society, the main source of pollution COD, sulfur dioxide, carbon dioxide from the industry, so it comes to energy conservation, I think industry is the key.

Li said a lot of work to say, I point four: First, we want to publish the second half of the key industrial sectors of energy saving guidance. 2 is a summary of the steel and chemical industry experience marked activity is the major energy consumption and environmental indicators, and advanced levels on the standard, I have any gaps, in which efforts. Summing up the experience of two industries, in key industries. Third, we should be responsible for the technological transformation of energy conservation as a priority, in the already approved 1,680 projects, the energy saving up a large proportion. Fourth, to establish a sound incentive and constraint energy saving mechanisms, means that key projects do a good job, good to encourage energy saving, not completed to supervise, criticize. I am sorry this regard, our means is not too much, we are and the Ministry of Finance, Development and Reform Commission discuss some of the original control policies in Development and Reform Commission, with the transfer function, it can give the Ministry of Industry and Information Technology in this area some means, so that our work be more effective.

Li said the steel industry mergers and acquisitions on the guidance, we are drafting. Because of overcapacity in steel is the most obvious, capacity 660 million tons, demand 470 million tons, the excess 190 million tons. But also many new steel projects, there are 58 million tons under construction, this continues, China's steel industry is no way out. Way: the first is resolutely eliminate backward production capacity, "Eleventh Five-Year Plan" proposed by the ability of 100 million tons iron is backward, there are 50 million tons of steel steel is backward, and now out of the progress under way. Second, not to build new projects, and the Department of Industry and Information Technology can be a transformation, the simple expansion of capacity of steel projects determined not to grant the. I also called three years to stop a new project. 3 is mergers and acquisitions, such as Hebei Province in the merger and reorganization of customs has made little progress in steel, achieved success. China 660 million tons, 120 million tons of Hebei, Hebei Province, has great determination to go through two or three years of efforts, from 120 million tons down to 80 million tons, off 40 million tons. One of the measures is that mergers and acquisitions, and began to see the results. In addition, as Baosteel, Shougang there are some success stories such comparisons. In fact as long as the understanding of, and measures can be effective.

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