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China Released First List of Sunsetting Industry Sectors

China.com recently reported that the Chinese Ministry of Industry and Information Technology released the official 2013 list of the industry sectors planned for sunsetting. The first batch incorporates 19 industrial sectors which include iron and steel, coke, ferroalloy, calcium carbide, aluminum, copper (including recycled copper) smelting, lead (including secondary lead) smelting, zinc (including recycled zinc) smelting, cement (clinker and grinding), plate glass, paper, alcohol, monosodium glutamate, citric acid, tanning, printing and dyeing, chemical fiber, and lead-acid batteries (plates and assembly). The Ministry required all production capacity with old-generation technologies to cease operation by this September and to be disassembled for retirement by the end of the year. None of the capacity is allowed to be transferred to other regions. All individual companies covered in the scope of this government list have been identified and publicly listed on the local government websites as well as in primary local media publications.
Source: China.com, July 25, 2013
http://finance.china.com.cn/industry/hotnews/20130725/1671753.shtml