国内英语资讯:China Focus: China shuts down illegal steel production, stays tough on overcapacity_时事

国内英语资讯:China Focus: China shuts down illegal steel production, stays tough on overcapacity

A total of 12 officials responsible for the illegal production have been punished. The companies in question are under police investigation and will be given due punishment.

Yin said the city will adopt multiple measures such as strengthening supervision and encouraging tips in order to prevent resumed production by facilities that had been shut down.

During the State Council inspection, Xinguang New Material Scientific Company in Xiangyin County of Yueyang City, Hunan Province, was found to have resumed three of its eight furnaces for inferior-quality steel bars, which were previously forced to be dismantled.

Xinhua reporters on Tuesday saw that the company's equipment had already been dismantled.

According to the city government, some county officials were punished for the case, and company personnel responsible for the resumed production have been detained.

Inferior-quality steel bars are low-quality products made of junk steel. Statistics showed that during the first half of this year, China closed down more than 600 companies with total inferior-quality steel bar production capacity of 120 million tonnes.

As excess capacity has weighed on China's overall economic performance, cutting overcapacity has been high on the reform agenda. In 2016, China completed both its annual targets for coal and steel capacity reduction ahead of schedule.

The government work report this year stated that China would continue to cut overcapacity in bloated sectors, with targets to slash steel production capacity by around 50 million tonnes and coal by at least 150 million tonnes this year.