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China issues plan to support nonferrous metal industry

(Xinhua)
Updated: 2009-05-11 17:00

China released a detailed three-year plan to stimulate its nonferrous metal industry, the State Council, or the country's Cabinet, said in Beijing on Monday.

Related readings:  China unveils stimulus plans for nonferrous metals, logistics  China to raise tax rebates on textile, metal exports  Non-ferrous metal futures on a roll

The nonferrous metal sector should keep a steady operation in 2009, and achieve a sustainable development by 2011, according to the plan.

Three to five nonferrous metal corporation would be formed out of industrial reconstructing by 2011 with advanced production capacity and technology innovation capability, the plan said.