Our latest map summarised the new raw material industrial plan in different cities within Liaoning province.
"Chinese magnesia disruption has turned supply/demand upside down", the raw material supply shortage has been rising the market price up.
More than 40 countries have agreed to phase out their use of coal-fired power, the dirtiest fuel source, in a boost to UK hopes of a deal to “keep 1.5C alive”, from the Cop26 climate summit.
China announced new targets and measures. It aims to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060 and lower its carbon intensity by over 65% by 2030 from the 2005 level.
China has announced in 2021 a decision to stop building new coal-fired power projects overseas, demonstrating its concrete actions in response to climate change.
Other measures against climate change include staying committed to a green and low-carbon path to development, tightening control over greenhouse gas emissions, giving full play to the role of the carbon market, and increasing green finance support.
Meanwhile, China’s supply-side structural reform policies are the underlying fundamental principle to affect the supply of raw materials and magnesia production, it is the key component of China‘s economic policy agenda and was first announced in 2015 by the central government.
Supply-side reforms had an initial focus on reducing capacity in coal and steel, resolving ‘zombie’ firms and reducing property inventories. Innovation is a pervasive theme throughout the collection of supply-side reform policies and is a feature of the ‘Made in China 2025’ policy that was also released in 2015.
Made in China 2025 seeks to engineer a shift for China from being a low-end manufacturer to becoming a high-end producer of goods. The goal is to tap into China’s increasingly wealthy home consumer base as well as the value-added global sourcing segment.
Therefore, the Liaoning provincial government released a new raw material industrial map in 2020, to clarify the future raw material development in different cities within Liaoning province, which based on the “Implementation plan for the construction of the national new raw material base framework” (Liaoning Committee Office (2018) No. 10 ), by following the guidance of Made in China 2025 (based on 'The 14th Five-Year Plan’ (14th FYP)), issued in 2018, involving the “1+5” framework schemes to mapping the future development of raw material industry, controlled by the Engineering Centre of National New Raw Material Base Construction of Liaoning Province.
Our New Map: 2021 New Raw Material Development in Liaoning Province - Summary & Industrial will show you the summary of the underlying fundamental principle of future raw materials development in Liaoning Province, China and the industrial map will clarify the City plan of new raw material industry in Liaoning province, China, the magnesia-producing hub in China.
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