1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      China unveils merger targets to upgrade industry

      2013-01-23 08:24 Xinhua     Web Editor: qindexing comment

      The government has set targets to increase the number of mergers in nine sectors to reshuffle China's industrial structure and enhance big enterprises' global competitiveness.

      The Ministry of Industry and Information Technology (MIIT), along with 11 other authorities, said in a guideline Tuesday that the government is encouraging mergers in the automaking, steel, cement, shipbuilding, electrolytic aluminum, rare earth, electronic information, pharmacy and agricultural sector.

      Zhu Hongren, MIIT chief engineer, said economies of scale play an important role in these sectors, but scattered and outdated production capacity led to redundant projects and an overcapacity problem.

      The guideline says the government aims to incorporate production capacity in the coming years and upgrade industrial structures in order to increase enterprises' international competitiveness.

      Zhu said China welcomes foreign capital to hold stakes in related enterprises or engage in mergers under supervision.

      China aims to foster three to five large automakers with core competitiveness, and increase the concentration ratio of top ten auto makers to 90 percent by 2015, according to the guideline.

      Concentration ratio, the measurement of industrial concentration, indicates the degree of market dominance in a sector by a few large enterprises.

      China will fully support the development of home car brands and encourage them to go overseas for cross-border mergers, the guideline says.

      At the same time, the country will work to cut a large number of steel producing enterprises and phase out outdated capacity through mergers, in a bid to raise the concentration ratio of top ten steel producers to around 60 percent by 2015.

      China will also slash the number of firms in the rare earth business through mergers and concentrate production capacity in the sector into a number of large enterprises, the guideline says.

      The country aims to promote mergers in the remaining six sectors, and will try to raise the concentrate ratios of leading enterprises in those fields by 2015.

      In November, Xi Jinping, general secretary of the Central Committee of the Communist Party of China, said the country will step up efforts in industrial structure adjustment in 2013.

      A central economic work conference in December agreed that the government would work to adjust industrial structure and resolve overcapacity problems that have hobbled some sectors.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产青草亚洲香蕉精品久久| 亚洲国产超清无码专区| 亚洲av中文无码字幕色不卡 | 婷婷久久久亚洲欧洲日产国码AV| 真人无码作爱免费视频| 免费视频中文字幕| 立即播放免费毛片一级| 亚洲成a人无码av波多野按摩| 老司机午夜在线视频免费观| 亚洲成年看片在线观看| 国产乱子伦精品免费视频| 亚洲女初尝黑人巨高清| 国产好大好硬好爽免费不卡| 亚洲天堂一区二区| AV大片在线无码永久免费| 国产精品久久亚洲不卡动漫| 精品国产精品久久一区免费式| 精品久久久久亚洲| 亚洲日本va中文字幕久久| 99re免费99re在线视频手机版| 亚洲综合激情六月婷婷在线观看| 免费精品人在线二线三线区别| 亚洲精品无码人妻无码| 亚洲乱码日产精品a级毛片久久| 成人精品视频99在线观看免费| 久久av无码专区亚洲av桃花岛| 大地资源在线观看免费高清| 西西人体大胆免费视频| 亚洲国产无套无码av电影| 最近免费中文字幕高清大全| 亚洲 欧洲 视频 伦小说| 亚洲精品偷拍视频免费观看| 18级成人毛片免费观看| 亚洲爆乳成av人在线视菜奈实| 亚洲啪啪AV无码片| 在线视频免费观看www动漫| 好男人资源在线WWW免费| 亚洲免费二区三区| 久久国产成人精品国产成人亚洲| 亚洲黄色免费在线观看| 另类专区另类专区亚洲|