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China curbs Vitamin C production
By Wang Yanlin |
December 30, 2009, Wednesday
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Online Edition
Online Edition
CHINA will closely supervise industries including the coal chemical sector, Vitamin C and wind power equipment production to avoid overcapacity, senior officials said today.
"There exists worrisome redundant construction of facilities and blind expansion of capacity in these industries. If we don't adjust them in time, it will harm the progress of China's economic recovery and lead to vicious competition," said Li Ningning, deputy director general of industrial department under China's National Development and Reform Commission.
She said the country is considering curbs on new projects in these industries but did not provide a timetable.
The coal chemical industry, which uses coal to produce various energy supplies, has seen a rapid expansion in China. More than 1 trillion yuan (US$146.4 billion) has been invested in the sector so far this year. But some projects lacked core technology and were too advanced for the local market, Li said.
Also, China's Vitamin C industry has gone through a big expansion that may lead to too much supply.
China produced 126,000 tons of Vitamin C last year, accounting for 90 percent of the world's market. But this year another 75,000-ton capacity is either under construction or due to be constructed. If the trend continues, China will produce more Vitamin C than the world needs by 2012.
More than 70 manufacturers in the wind power equipment sector mostly assemble parts. Only about 10 can produce the equipment by themselves. More firms should make electrical machinery or gear boxes for wind power equipment, where there is less risk of overcapacity, officials said.
"There exists worrisome redundant construction of facilities and blind expansion of capacity in these industries. If we don't adjust them in time, it will harm the progress of China's economic recovery and lead to vicious competition," said Li Ningning, deputy director general of industrial department under China's National Development and Reform Commission.
She said the country is considering curbs on new projects in these industries but did not provide a timetable.
The coal chemical industry, which uses coal to produce various energy supplies, has seen a rapid expansion in China. More than 1 trillion yuan (US$146.4 billion) has been invested in the sector so far this year. But some projects lacked core technology and were too advanced for the local market, Li said.
Also, China's Vitamin C industry has gone through a big expansion that may lead to too much supply.
China produced 126,000 tons of Vitamin C last year, accounting for 90 percent of the world's market. But this year another 75,000-ton capacity is either under construction or due to be constructed. If the trend continues, China will produce more Vitamin C than the world needs by 2012.
More than 70 manufacturers in the wind power equipment sector mostly assemble parts. Only about 10 can produce the equipment by themselves. More firms should make electrical machinery or gear boxes for wind power equipment, where there is less risk of overcapacity, officials said.
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