China has issued a stark warning about the risk from rising overcapacity in the economy, saying it could hamper recovery and lead to a surge in non- performing bank loans.
The State Council, the country's cabinet, issued a new plan to combat overcapacity in seven industries, barring new aluminium smelters for three years and criticising “blind expansion” in parts of the steel and cement industries.
The cabinet statement, which came late on Tuesday evening in Beijing, follows a crescendo of warnings from senior officials. It also outlined measures to restrict manufacturing of equipment for “green” industries of wind and solar power.
您已閱讀33%（637字），剩余67%（1271字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。