China to Include Autos, New Energy, Graphene Into Overcapacity Cuts

By Fran Wang

(Beijing) — More industries are likely to be included in China’s drive to cut excess capacity, which so far has focused on steel and coal, a report said Monday, as President Xi Jinping vowed to “reduce low-end and inefficient supply.”

The government may broaden targeted groups to include autos, new energy and graphene — used in making of electric circuits, solar batteries and display screens — said the Economic Information Daily, citing unnamed sources. The newspaper, owned by the official Xinhua News Agency, did not elaborate.

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