Chinese Vice-Premier Zeng Peiyan restated the government's call to curb investment in China's steel, aluminum and cement sectors. China is the world's largest producer of all of these materials, production of which now exceeds demand. Zeng said the overcapacity in the three industries threatened the economy, adding that the drain of raw materials and severe industrial pollution by the sectors were also threats to China's environment.
The vice-premier's admonition echoed similar statements by the government in late 2003.
Zeng announced that the government would dispatch ad hoc task forces in the future to ensure the implementation of new policies aimed at curtailing overcapacity. He also ordered bureaus connected to the three industries to create a system which gathers data pertaining to the industries and can provide early warnings to avoid overinvestment.