ECONOMICINFORMATION DAILY news, the State-owned AssetsSupervision and Administration Commission of the State Council (SASAC) has deployed the next step of further res
olving thesurplus capacity of State-owned KeyEnterprises. Itwill pilot with industries involving serious overcapacity problem like coal,steel and so on, and esta
blish the market exitmechanism of survival of the fittest, for the overcapacity enterprises notmeeting the national energy consumption, environmental protection, quality,safety and other requirements or losing long-term, they will be “closed,suspended, merged or converted” or divested for restructuring.