China
has adjusted its national policies in its newest development plan for the pulp
and paper industry, aiming to address the issue of overcapacity in the domestic
market, said Sinolight Corporation's deputy general manager Cao Zhenlei.
The
five-year plan, running from 2011 to 2015, will apply guidelines that seek to discourage additional machine investment, the funding of which has led to overcapacity.
In
China, without the government's approval, companies cannot get bank loans to fund
their projects.
