Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time: Nov 8 2019 3:44PM
China revises guidance policy for industrial structure adjustment
Text size
BEIJING, Nov. 6 (Xinhua) -- China's top economic planner on Wednesday released a revised guidance catalogue for industrial structure adjustment in the latest effort to push high-quality development.

Reflecting changes in the economic landscape, the new catalogue added four sectors under government support, including artificial intelligence, elderly care and nursery services.
It also adjusted industries that the government wants to restrain or eliminate.

The goal of the revision is to prioritize high-quality development of the manufacturing industry, foster a stronger domestic market and curtail outdated industrial capacities, according to a statement by the National Development and Reform Commission (NDRC).

Through the changes, the NDRC seeks to quicken the upgrading of traditional industries and foster emerging ones while enhancing the efficiency of the service industry.

The catalogue lifted the standard for government restraints and elimination, banning new capacities and investments in more industries.

While implementing the new catalogue, the NDRC urged local authorities to give the market the decisive role in resource allocation while letting the government better play its role.

Sources: Xinhuanet
Related Articles
PET fiber chip market daily (Nov 12, 2019)
PFY sales sound today
China chemical fiber market weekly forecast (Nov 12, 2019)
China polyester market snapshot (Nov 12, 2019)
Petrochemical market morning express (Nov 12, 2019)
PET fiber chip market daily (Nov 11, 2019)
PFY sales modest today
PFY sales slack at weekend
China polyester market snapshot (Nov 9-11, 2019)
Petrochemical market morning express (Nov 11, 2019)
China PET bottle chip supply demand change and future trend
Operation and development of virgin PSF and recycled PSF
Basic situation of polyester market in Q1-Q3 and Q4 ...
Spandex supply and demand in 2019 and market outlook
Global cotton supply/demand and circulation pattern and ...
Longitudinal data change of MEG under expansion cycle and ...