www.chinaview.cn
Aug 26,2009
China's State Council, or the Cabinet, warned Wednesday of overcapacity in emerging sectors such as wind power, and said the country would move to "guide" the development of sectors troubled by overcapacity and redundant projects.
Overcapacity has persisted in sectors of steel and cement, while redundant projects have also surfaced in emerging sectors of wind power and poly silicon, according to a statement issued afteran executive meeting of the State Council, which is presided by Premier Wen Jiabao.
Under the current situation, the country would particularly enhance "guidance" over the development of steel, cement, plate glass, coal chemical, poly silicon, and wind power sectors, the statement said.
The guidance would include strict market access, reinforced environmental supervision, and rigid land use permission.