5 ministries urgently ordered to clean up new projects

[China Epoxy Resin Industry Online] August 15, 2006: In the first half of the year, fixed asset investment remained high, and the national authorities issued successive industry structure adjustment opinions with little effect.
Development and Reform Commission, Ministry of Land and Resources, National Environmental Protection The five ministries and commissions of the State Administration of Work Safety, the State Administration of Work Safety, and the China Banking Regulatory Commission jointly issued the "Notice on Printing and Distributing the Guiding Opinions on the Cleanup of Newly Started Projects" on the 1st, requiring all localities to strictly follow the cleanup standards to clean up and rectify projects that have started construction in violation of regulations.
It also emphasized that the clean-up work in various places should be completed within one month from the date of the notice.
Most industries with overcapacity such as iron and steel, electrolytic aluminum, calcium carbide, ferroalloy, coke, automobiles, cement, electric power, and textiles have become the focus of clean-up.
Overcapacity industries have become the focus of cleanup.
The "Notice" pointed out that the current fixed asset investment new projects have various degrees of violations of relevant national regulations in terms of industrial policy, project review, land approval, environmental evaluation, and credit policy, which affects the normal construction order and is not conducive to Implementation of the central government’s macro-control policies.
All localities should conduct a comprehensive review of the newly started projects this year on the basis of the self-inspection work that has already been carried out.