The executive meeting of the Shandong Provincial Government adopted the “Implementation Opinions on Resolving the Contradictions of Serious Overcapacityâ€. In the future, the province will no longer approve and record new capacity projects in industries with severe overcapacity, and strive to effectively resolve steel and cement in five years. Excess capacity in industries such as electrolytic aluminum, flat glass, oil refining, and tires.
The executive meeting of the Shandong Provincial Government decided that it would take five years to achieve rational utilization of production capacity, significantly optimize the production capacity structure, improve quality and efficiency, and significantly improve energy efficiency. We will strive to maintain a stable production capacity in the refining and tire industry by 2017. The capacity utilization rate of the tire industry will reach over 80%, and the utilization rate of local refining capacity will be greatly improved. At the same time, excess capacity is not equal to backward industries. It is necessary to give full play to the decisive role of the market and the main role of enterprises. Combine the contradiction of overcapacity and promote industrial transformation and upgrading, and combine control increment with optimized stock to achieve Bird, the purpose of optimizing the upgrade.
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