China's cement industry has eliminated over 7 million tons of backward capacity

On July 24, China Securities Journal reporters learned from the Eighth Congress of China Cement Association that in recent years, China Cement Association has put forward and formulated "resolutely adopt measures to curb new capacity" and "Suggestions on special supervision and disposal of illegal construction projects" in order to promote supply-side reform of the industry. The Policy Recommendations for Reduced Replacement Capacity and the policy suggestions for abolishing the 32.5 Portland Cement Standard have been formulated to curb the increase of production capacity and optimize the structure. Most of them have been adopted by the government successively. Up to now, the cement industry has eliminated more than 7 million tons of backward production capacity. More than 40 production lines have been exposed and warned successively, which has deterred the cement industry and the newly-built enterprises violating the regulations. This has made the new production capacity less and less year by year. So far, there has been almost no blatant new production capacity.