20 Oct 2009 09:47

NDRC drafting guidelines for industrial restructuring

Shanghai. October 20. INTERFAX-CHINA - China's National Development and Reform Commission (NDRC) is drafting a document to guide the restructuring of the country's industrial sector in an effort to curb excess production capacity, state media reported on Oct. 20.

Xiong Bilin, an official with the NDRC's Industry Coordination Department, said at a press conference on Oct. 19 in Beijing that the document will be released as soon as possible, according to Shanghai Securities News.

China's State Council released guidelines in late September in an effort to limit excess production capacity in several industries, including polysilicon and wind power equipment manufacturing.

Chu Xia, an analyst with silicon industry portal Windosi, told Interfax that the central government will not approve the construction of new polysilicon projects with annual production capacity below 3,000 tons, but will not prohibit larger projects.