There are about 2,000 factories to shut down by 30th September in China, including steel mills, cement works and other energy-intensive factories.
According to the chinese Minister of the Industry and Information Technology, the goal of the factory closings is “to enhance the structure of production, heighten the standard of technical capability and international competitiveness and realize a transformation of industry from being big to being strong”.
The chinese plan to reduce energy use by 20% for each unit of economic output (compared to 2005).
Efficiency improved 14.4 percent from 2005 to 2009, but deteriorate by 3.6 percent in the first quarter of this year, according to official statistics.
China to close 2000 factories in energy crackdown
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