A number of industrial policies will be intensively introduced to promote structural adjustment

The Ministry of Industry and Information Technology announced on the 24th the "Entry Requirements for Polysilicon Industry", which started the first shot of the industrial restructuring of the "Twelfth Five-Year Plan". The source disclosed to the China Securities Journal reporter that the 2011 edition of the "Industrial Structure Adjustment Guidance Catalogue" and other industrial adjustment policies formulated by the National Development and Reform Commission are expected to be introduced before and after the two sessions. The guideline for guiding investment directions will be transferred to the 2011 edition of the “Industrial Structure Adjustment Guidance Catalogue” formulated by the National Development and Reform Commission, which is expected to be introduced before and after the two sessions. "Overall, the adjustment is very big." According to sources, the policy spirit of some industrial revitalization plans, the cultivation of strategic emerging industries, and the suppression of overcapacity in some industries will be reflected in the new catalogue. These adjustments are also reflected in changes in credit support, capital market financing, financial support, land supply, and electricity prices. According to sources, in the 2005 edition, “large-scale ethylene construction (800,000 tons/year in the east and coastal areas, 600,000 tons/year in the west and above) and the existing ethylene expansion and expansion” are encouraged projects, but in the new edition. The directory has been deleted. Since the 2007 edition of the catalogue (draft for comment) has not been released, the catalogue of the 2005 edition has been published for more than five years, and it has not been able to adapt to the new situation of industrial development. The new catalogue has been adjusted more. The "Interim Provisions on Promoting Industrial Structure Adjustment" promulgated by the State Council in 2005 pointed out that the "Guidance Catalogue for Industrial Structure Adjustment" is an important basis for guiding investment direction, government management of investment projects, and formulation and implementation of fiscal, tax, credit, land, import and export policies. In principle, it applies to all types of enterprises in China. The catalogue consists of three categories of catalogues that encourage, limit and phase out. The encouraged category mainly encourages the industrial base of research and development and industrialization in the country, and is conducive to the formation of new economic growth points and industries with large market demand. For encouraged investment projects, financial institutions should provide credit support in accordance with credit principles. For newly-built projects belonging to the restricted category, the investment management department shall not approve, approve or record, and all financial institutions shall not issue loans, and the departments of land management and urban planning shall not handle relevant formalities. For the phase-out projects, all financial institutions should stop all forms of credit support and take measures to recover the loans already issued; all regions, departments and related enterprises should take effective measures to eliminate them within the prescribed time limit, and the national prices during the elimination period. The competent authority can increase the price of electricity. In addition, the "Government-approved Investment Project Catalogue", which is another weapon to adjust the industrial structure, will also be introduced in the near future after making major adjustments. This catalogue is an annex to the State Council's decision on investment system reform and an important basic document for implementing the project approval system. At present, China has two systems for approval and filing of enterprise investment projects. The scope of approval is stipulated in the approved catalogue. The current approved catalogue covers less than 20% of corporate investment projects. Strengthening the admission management regulations will be issued on January 24, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Environmental Protection announced the "polysilicon industry access conditions." The relevant person told the China Securities Journal that this is only the first action to raise the threshold of some restricted industries in 2011. The relevant ministries and commissions will speed up the formulation of relevant industry access conditions in the 12th Five-Year Plan in order to adjust the industrial structure in a timely manner. jobs. This will have a major impact on the relevant industry. Chen Yanhai, director of the raw materials department of the Ministry of Industry and Information Technology, said that in 2011, the conditions for access to synthetic ammonia, urea, phosphate fertilizer, hydrochlorofluorocarbons and wood will be formulated and introduced. Among them, the study on access conditions for synthetic ammonia is scheduled to be completed in the first half of next year. In addition, the Ministry of Industry and Information Technology will release industrial policies and management regulations on cyanide, melamine, rare metals, chrysotile, and fluorine chemical products this year, and research and provide guidance on the development of carbon fiber, magnesite, paints, dyes, adhesives and other industries; In the steel, non-ferrous metals, building materials and other industries to eliminate backward production capacity targets and decompose to specific provinces and regions and enterprises, timely announce the list of steel, non-ferrous metals, petrochemical and building materials manufacturers that meet the access conditions, and guide the industry's technological progress and social investment Formulate a directive plan for the production of rare metals, fluorite and refractory clay. Earlier, the Ministry of Industry and Information Technology revised and released the "Coke Industry Access Conditions (2008 Revision)" and "Carbide Industry Access Conditions (2007 Revision)", which respectively improved the entry barriers for the coking industry and the calcium carbide industry. Advancing structural adjustment, emerging industry leaders Many securities company researchers believe that during the 12th Five-Year Plan period, the industry-adjusted market gap will be filled by strategic emerging industries. The China Securities Journal reporter learned earlier that the future strategic emerging industries may occupy a separate chapter in the “Twelfth Five-Year Plan”; after the introduction of the plan, the seven strategic emerging industries will separately publish their respective “Twelfth Five-Year Plan”. Identify medium-term development goals. As for the specific time of the launch, Wu Hao, deputy director of the National Energy Administration, said in an interview with the China Securities Journal that as a sub-plan in the 12th Five-Year Master Plan, the strategic emerging industry plan will be issued after the 12th Five-Year Plan. . Peng Sen, deputy director of the National Development and Reform Commission, said that the future strategic emerging industries will be divided into three steps. In the first stage, by 2015, strategic emerging industries will form a basic pattern of healthy development and coordinated promotion, and the role of industrial upgrading will be significantly enhanced. The added value will account for about 8% of GDP; the second stage will be 2020. In the year, the added value of strategic emerging industries accounted for about 15% of GDP; in the third stage, by 2030, the overall innovation capability and industrial development level of strategic emerging industries will reach the world's advanced level, which is economic and social. Sustainable development provides strong support. Traditional industries that have been transformed according to energy conservation and emission reduction targets will also have important development opportunities. After completing the expert argumentation session on November 25, 2010, the ministries and commissions still have differences on the specific content of the “Energy Conservation and Environmental Protection Industry Development Plan”. Before the NDRC reports to the State Council, it still needs major revisions, considering the “Twelfth Five-Year Plan”. With the convergence of strategic emerging industry planning, the date of the plan will be after the two sessions. In addition, for steel, cement, wind power equipment, polysilicon, electrolytic aluminum, shipbuilding, soybean ( 4444 , -98.00 , -2.16% ) crushing, vitamin C and other industries overcapacity issues, the relevant departments will continue to introduce relevant policies, targeting the above industries Structural problems existed to make adjustments. It can be foreseen that in the first year of the "Twelfth Five-Year Plan", the industrial restructuring storm will start again. However, Zhang Hanya, president of the China Investment Association, reminded that using administrative means to adjust the industrial structure may not be conducive to the healthy development of some industries. "The adjustment of industrial structure should rely more on market forces, and the development environment of some industries and enterprises can be moderately relaxed."  

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