Rare thorough investigation of storm tide will lift corporate mergers and acquisitions

Su Bo, vice minister of the Ministry of Industry on the 11th at the World Economic Forum 2013 Annual Meeting of the New Champions Summer Davos Forum and the Seventh gap, said the Ministry of Industry, together with other relevant departments to increase efforts to investigate illegal rare earth mining and pollution control efforts, the formation of large group of rare earth industry, the final results will be released before the end of the year. New energy vehicle development support policies continued, lowering the cost of new energy vehicles will eventually need to rely on technology development. Ministry of Industry and the Ministry of Finance will jointly implement more than 40 billion yuan of funds used to support the new energy automotive design, battery development projects.

For the rare earth industry pollution problems, Su Bo said that the recent Ministry of Industry jointly with relevant departments and local governments to act on illegal mining of rare earth concentration and control. The next stage, the Ministry will also conduct spot checks.

August 7 this year, the Ministry of Industry jointly eight departments initiated a three-month renovation of the rare earth industry special action. Relevant departments through the establishment of rare-earth management intends to "black list" and categorized for management, to establish long-term regulatory mechanisms, but, through the formation of a large group of rare earth industry to improve industrial concentration.

Turning to the development of new energy vehicles, support policies, Su Bo said that this work continues to advance, promote new energy vehicles in the world are faced with obstacles, not be resolved overnight. According to the relevant files, Ministry of Finance, Ministry of Science, Development and Reform Commission, the Ministry and other departments had started a new energy vehicle demonstration project's goal is that by 2012 domestic new energy vehicles operational scale automobile market share reached 10%. Su Bo said the promotion of new energy vehicles in 2012, the annual task is not completed, but this does not affect the automobile industry optimistic about growth and consumption of space.


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