Author:Bezel Machinery (Shanghai)  Release time:2016-04-11  keywords：Development and Reform Commission issued

Recently, there was news that the national development and Reform Commission and other nine ministries brewing about the new policies to promote mergers and acquisitions to promote steel, automobiles, cement, machinery manufacturing, electrolytic aluminum, rare earth, electronic information, medicine and so on eight key industry mergers and acquisitions.

Merger and reorganization of enterprises is a way to reduce energy consumption and improve production efficiency. According to a set of data released yesterday (October 29th) Ministry website shows that from 1 to September this year, China's six major high energy consuming industry investment of 22.2% yuan, an increase of 4.2, the growth rate percentage points higher than the same period last year. High energy consuming industries in the development of the economic downturn environment contrarian growth, the formation of a challenge to the economic development. In the current economic slowdown pressure, emphasizing the industry mergers and acquisitions to become a kind of necessity.

"The reorganization can occur at any time, but currently proposed should have its practical significance. Now the world economic variables is still large, domestic and foreign market uncertainty, domestic severe overcapacity, investment facing technological upgrading, so in this case the proposed restructuring meets the market requirements." Chinese Industrial Economy Research Institute of the Academy of Social Sciences researcher Chen Naixing said in an interview with reporters.

Overcapacity in some industries is very outstanding. In the steel industry, for example, at the end of this year, China's steel production capacity will reach 9 tons, high capacity does not mean high utilization rate. MIIT chief engineer zhuhongren in the last week of the first three quarters of industrial communications industry press conference introduced said, iron and steel, cement, plate glass industry stocks fell slowly, running low price, capacity utilization rate is at a lower level.