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China says to use land, credit to curb overcapacity

Published: Wednesday, Mar 17, 2010, 10:45 IST
Place: Shanghai | Agency: Reuters

China will keep tight control over land supply and credit in order to curb overcapacity in certain industries, including steel, cement and wind power, the country's industry minister was cited on Wednesday as saying.

China will raise environmental and energy efficiency requirements as another way of curbing overcapacity, Li Yizhong, Minister of Industry and Information Technology, was cited by the official Shanghai Securities News as writing in an article.

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