博天堂平台asia gaming官网China unveils fiveQQyear plan to boost raw materials industry

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The plan also called for efforts to promote a digital and green shift in the raw materials sector. The production capacity for bulk commodities such as crude steel and cement should not increase, with the industrial-capacity utilization rate kept at a reasonable level.

Official data showed the industrial output of Chinas raw materials sector in 2022 accounted for 27.4 percent of all sectors.

Including steel, nonferrous metals, building materials, and new materials sub-sectors, the raw materials sector has long served as the bedrock for the real economy.

By 2025, a new development pattern for Chinas raw materials sector that features higher quality, better profitability and distribution, low carbon, and more security will take shape, said the plan. It was issued jointly by the Ministry of Industry and Information Technology and two other government bodies.

The sector will become a highland for the research and development, production, and application of the worlds vital raw materials. The industrial system will be safe, independent, and controllable, the plan said.

Chinese authorities on Wednesday unveiled a plan to cilitate the development of the countrys raw materials industry during the 14th Five-Year Plan period (2021-2025).