From 2016 onwards, China has imposed strict control over the expansion of high energy-consuming industries and phased out backward production capacity in accordance with laws and regulations to speed up overcapacity elimination. At the end of 2018, over 150 million tons of steel overcapacity was removed, exceeded the goal of
From 2016 onwards, China has imposed strict control over the expansion of high energy-consuming industries and phased out backward production capacity in accordance with laws and regulations to speed up overcapacity elimination. At the end of 2018, over 150 million tons of steel overcapacity was removed, exceeded the goal of the 13th FYP plan two years ahead of schedule. In 2019, China began to implement the Guiding Catalogue of Green Industries (2019 Edition) to direct policies and limited capital to industries that are most critical to promoting green development.
"At the end of 2018, over 150 million tons of steel overcapacity was removed, exceeded the goal of the 13th FYP plan two years ahead of schedule."
CN
Sectoral Mitigation Actions
M_SecAct1
Existing sectoral downstream actions that the NDC builds on
Building on existing downstream actions
Industries
Iron and Steel