The cement industry is one of China’s key industrial sectors that will face strict governmental limitations on its production output. Other industries include iron, steel, aluminium, and coal. State targets include restricting the scale of production, establishing systems to alert the authorities of excess production and improving the structure of manufacturing. Furthermore, there are plans to limit refinancing and investment in these sectors.
As part of the government’s plan, Chinese companies will be assisted in attempts to expand abroad in order to widen consumer markets and reduce excess capacity. The cement industry has already proceeded with this, with many companies asking for assistance in expanding and finding investment overseas.
Read more about China’s measures to reduce overcapacity in industry here.
Edited from various sources by Rosalie Starling