The China Digest | Rare Earth output faces cap of 140,000 metric tons in 2020
The toxic trail
The toxic trail

Rare Earth output faces cap of 140,000 metric tons in 2020

The most important and market-moving stories from the Chinese-language media

October 19, 2016 8:28 AM (UTC+8)

China will cap rare earth output at 140,000 metric tons by 2020, the Ministry of Industry and Information Technology announced Tuesday, citing plans to protect strategic resources. The country produced around 100,000 tons of the minerals last year, accounting for 85 percent of global production.
产业淘金:稀土五年规划聚焦智能化转型
《稀土行业发展规划 (2016-2020年)》解读
到2020年中国稀土年度开采量控制在14万吨以内

Third quarter growth expected to be in line with first half based on power consumption

China’s third quarter GDP growth is expected to be in line with the 6.9 percent growth for the first half of 2016 based on data for electricity consumption, according to analysts cited by Securities Daily. Power usage in September, August and July saw increases of 6.9 percent, 8.3 percent, and 8.17 percent respectively from a year earlier, according to the National Energy Bureau. Third quarter power consumption expanded faster than that of the first half of the year, signaling a pick up in economic activity.
三季度GDP数据今日公布 用电量大增预示超6.7%概率较大

Finance Ministry investigating local government debt and PPP investment

The Finance Ministry is investigating debt at companies serving as local government financing platforms, according to an unnamed source in a report by the 21st Business Herald. Local governments are required to report their public-private partnership investments by October 24.

The third list of PPP project was released by the Finance Ministry on Oct. 13, reported Shanghai Securities Journal. So far, 516 projects totaling more than 1.17 trillion yuan have been approved, double the number of projects in the second list. The amount of investment rose 80 percent.
财政部:第三批PPP项目数量翻番 投资额增八成
财政部再查地方债务 首次摸底PPP项目等 财政支出规模

Government backs companies facing anti-dumping investigations

China will support companies facing anti-dumping investigations, China Ministry of Finance spokesman Shen Danyang told the press yesterday. Chinese firms should use existing laws to defend their own interests amid a rise in trade protectionism, Shen said.

The European Commission plans to grant China the status of a market economy but faces opposition from Italy, Portugal, Spain and eastern European countries who are concerned such a status will undermine steel and solar panel industries in Europe.
商务部:继续大力支持中企积极应对国外反倾销调查
欧盟多国不愿给中国市场经济地位 德媒:将出台新保护措施

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