The government has revealed specific requirements that are intended to increase mergers in nine sectors, the Ministry of Industry and Information Technology (MIIT) said on January 22.
The MIIT said the government is encouraging mergers in the automaking, steel, cement, shipbuilding, electrolytic aluminum, rare earth, electronic information and pharmaceutical sectors.
The ministry said the government aims to incorporate scattered production capacity and upgrade industrial structures in order to increase the international competitiveness of enterprises.
The Central Economic Work Conference held in December 2012 saw a government pledge to adjust China's industrial structure and resolve overcapacity problems that have hobbled some sectors. |