The State Development and Reform
Commission (SDRC) called for a cool-down of overheated industrial sectors such as steel,
aluminum, cement and automobile manufacturing.
Each of these industries is suffering from
overproduction as individual producers ramp up production in the face of stiff competition
and as the economy continues to grow rapidly.
example SDRC data showed that production and investment in the steel and iron sectors
grew by 19.4 percent and 120 percent respectively during the first nine months of this year.
The commission recommended the investment
and financing system be reformed to head off redundant