The End of Days for China Heavy Industry
July 13, 2011 No CommentsAccording to the China Electricity Council, overall power consumption in China grew 12-percent over 2010, heavy industry registering a 14-percent growth rate. The National Energy Agency cited heavy industry takes 48-percent of the country’s overall power generation capacity while contributing five-percent to the country’s overall economic growth rate. Ministry of Industry and Information Technology (MIIT) website said on July 11, 2011 that it will continue closing energy intensive manufacturing industries, with 2,255 slated for closure. MIIT has targeted 18 major industrial sectors for restructuring, including iron, steel, coke, cement, flat glasses, paper making as well as printing and dyeing.
The current power shortage across the country is the worst since 2004.
Source: China Daily
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Energy Consumption, Energy Policy