Home | China | World | Business Investors Warned against Certain Sectors in China WED, FEB 27, 2002     Investors are advised to avoid ineffective investment into China's glass making and electrolytic aluminum sectors, according to official sources. The State Economic and Trade Commission (SETC) said here Tuesday that in the last two years, the two sectors have been plagued by blind investments and duplicate construction, which have caused an oversupply of products. The consequence has been a product price drop and a decrease in profits which will be felt for some years to come. In contrast not enough high-quality glass is being produced while 24.47 million square meters of glass had to be imported in 2001. Vice-Minister Xie Xuren of the SETC said such shortsighted investments with no market research also exist in other industrial fields like cement, electric power and metallurgy. Xie said the SETC has laid down certain regulations to cope with this grave situation, including strictly limiting investment and production, improving product structure, and encouraging businesses to tap into the global market. Editor:Zhong Source:Xinhua Recommend to your friend email:    China Central Television,All Rights Reserved