- Chinese political advisors on Tuesday made proposals on how to ease industrial overcapacity by better market competition and legislation.
Speaking at a symposium held by the National Committee of the Chinese People's Political Consultative Conference (CPPCC), political advisors suggested that the government should give the market more play in reducing overcapacity in certain industries.
They also urged the government to tighten regulations and adopt stricter environmental, quality and safety control standards in a bid to squeeze out industrial programs with high pollution and low efficiency.
The symposium, presided over by Yu Zhengsheng, chairman of the CPPCC National Committee, is a regular event for members from various fields and backgrounds -- mainly those from non-Communist parties or with no political party affiliation -- to discuss and propose ideas.
Political advisors stressed that, while cutting overcapacity, the government should pay more attention to laid-off employees in companies being phased out and help them get re-employed.
Source: Xinhua
