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China to use tougher environmental standards to tackle capacity glut
August 13, 2016 by admin · Leave a Comment
China will use the stricter enforcement of environmental, safety and energy efficiency standards as well as tougher credit controls to help fight against overcapacity in key industrial sectors, the government said. The world's second-largest economy has identified overcapacity as one of its key challenges and it has already pledged mass closures in the steel and coal sectors, but it has so far fallen behind on …
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China to use tougher environmental standards to tackle capacity glut