A few days ago, the Chinese government website issued the "Circular of the State Council on Adjusting the Proportion of Capital of Fixed Assets Investment Projects." It called for the implementation of fixed asset investment projects of various industries in accordance with the new "minimum capital ratio" from May 25.
For high-energy-consuming industries such as electrolytic aluminum increased by 5 percentage points, after the ratio of capital of electrolytic aluminum projects was 35%. Raising the proportion of capital funds will better implement the requirements of the Plan for Adjusting and Revitalizing the Nonferrous Metals Industry to eliminate backward production capacity.
In 2004, under the background of macroeconomic overheating, due to macro adjustments, these policies need to be fine-tuned, and the proportion of capital of steel projects should be referred to 40% and above from 25% and above; for cement, electrolytic aluminum, real estate development projects (excluding Affordable Housing Project) The proportion of capital is mentioned by 20% and above for 35% and above.
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