China: The National Development and Reform Commission (NDRC) is considering aiming for a 10% cut in cement production. The Chinese state planning body announced on 6 March 2017 that it is pushing to cut production capacity in a number of industries including coal, steel and cement, according to the Nikkei Asian Review. Some sources place Chinese cement production capacity at up to 3.5Bnt/yr and 30% of this is believed to be surplus. The commission intends to cut production capacity through market control and legislation. The change in policy from the NDRC coincides with the third consecutive year that China’s annual target for real economic growth has been lowered.
Chinese planners consider 10% cut in cement production
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