Development and Reform Commission: Quickly study and formulate standards for phasing out outdated production capacity

Editor's note: The arrival of the era of low oil prices has made the petrochemical industry obtain cheaper raw materials, but it has exacerbated the embarrassment of overcapacity in China's low-end chemical industry. Experts believe that Chinese chemical enterprises urgently need to promote technological innovation and seek transformation and development. What are the substantial benefits and impacts of this measure by the National Development and Reform Commission on the chemical industry? Worth pondering!

Industry experts have recently stated that China's chemical industry started relatively late, coupled with a large gap in basic chemical products in the early stages, it has attracted a large amount of funds to flow into the production of low-end products. With the transformation and development of economic structure, the problem of resource allocation mismatch in China's chemical industry is becoming increasingly prominent, with low-end products flooding and high-end products heavily relying on imports

Recently, Lin Nianxiu, Deputy Director of the National Development and Reform Commission, presided over a special symposium on resolving the serious overcapacity contradiction and the fifth meeting of the working mechanism for resolving the serious overcapacity contradiction. Lin Nianxiu requested that research and development be conducted as soon as possible to establish outdated standards that focus on environmental protection, energy consumption, safety, technology, and other indicators; Strictly control the land supply gates and environmental protection checkpoints, and investigate and punish illegal land use and environmental protection activities.

Lin Nianxiu requested that by 2015, the work of resolving overcapacity has entered a critical period of overcoming difficulties. All units should, in accordance with the spirit of the 18th National Congress and the Third and Fourth Plenary Sessions of the 18th Central Committee, as well as the requirements of the Guiding Opinions, fully play the decisive role of the market and better play the role of the government, and make a good combination of efforts to resolve overcapacity. Including quickly researching and formulating outdated standards that prioritize environmental protection, energy consumption, safety, technology, and other indicators; Strictly control the land supply gates and environmental protection checkpoints, and investigate and punish illegal land use and environmental protection activities; Give full play to the regulatory role of financing and credit, effectively achieve "ownership and control", and do not adopt a "one size fits all" approach; In combination with the three strategies of "the Belt and Road", "coordinated development of Beijing Tianjin Hebei" and "Yangtze River Economic Belt", we will intensify efforts to explore domestic and international consumer markets, and explore new ways to adjust the structure, transform and upgrade industries with overcapacity. At the same time, it is necessary to strengthen the main responsibility of local governments, properly handle the placement of surplus personnel, strictly prohibit the addition of new production capacity, and carefully summarize and promote good experiences and practices in the work.

Lin Nianxiu emphasized that resolving overcapacity is a major decision and deployment of the Central Committee of the Communist Party of China and the State Council, and an important task in promoting industrial structure adjustment in the current and future periods. All regions and departments should have firm confidence and unwavering determination, ensuring that efforts are not reduced, requirements are not lowered, and goals remain unchanged, and fully completing the work of resolving overcapacity. (Source of this article: website of the National Development and Reform Commission)