date:May 10, 2013
oducing company in Shanghai, which did not want to be named, said: The government's tightening of infrastructure construction credit has lagged the start of new projects, which directly cuts the demand for raw materials, especially for steel. An effective solution is to encourage mergers and acquisitions in the industry where there is excessive production capacity, to improve market concentration and competitiveness, Wu added.
Instead of fast expansion, the government has vowed to focus more on