Chongqing Mayor Offers Solution to Steel Overcapacity: Triple Amount of Required Steel In Buildings

Central planning, FTW.

...according to informed sources, Chongqing Mayor Huang Qifan at the Fifth Plenary Session of the CPC held in October, said China China should introduce the relevant regulations to triple the amount of steel used in buildings in order to ease steel industry overcapacity. Because the conversation is not disclosed, informed sources declined to be identified.
iFeng: 黄奇帆建言钢铁去产能:建筑物中钢材使用量提高两倍

Bloomberg: Chinese Officials Have a Solution to Steel Glut: Use More
In a closed-door gathering of more than 300 Communist Party leaders in Beijing in October, Chongqing Mayor Huang Qifan proposed tripling the amount of steel used in construction, according to a person with knowledge of the matter. He argued that using 150 kilograms (330 pounds) of steel per square meter, compared to about 50 kilograms now, would ease overcapacity and improve housing quality, said the person, who asked not to be named because the discussions were private.

The proposal, which the person said came during top-level discussions to finalize China’s development blueprint for the next five years, was notable because of Huang’s rising profile among President Xi Jinping’s economic advisers. The former coking plant manager was named to the panel that drafted Xi’s signature economic plan in 2013 and he was among a half dozen regional leaders who joined the president on a state visit to the U.S. in September.

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