The government will continue its efforts to put a brake on excessive investment in 10 sectors, including auto, iron and steel, state media reported, citing Liu Zhi, industry department director at the National Development and Reform Commission. Instead, tax breaks and incentives will be offered for investment in energy and other 'encouraged' projects ranging from improving farm productivity, airport construction, used-steel treatment, disease control research and production of vaccines and low-emission small-engine cars.
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