China is about to start the early warning system for industry damage in the non-ferrous metal industry

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With the Ministry of Commerce and the Non-Ferrous Metals Industry Association jointly convened a working conference on the early warning system for industrial damage in the non-ferrous metals industry, it marked that the industrial damage prevention mechanism in China's non-ferrous metal industry was formally established. Relevant experts said that the start of this early warning mechanism will play an important role in the healthy development of the non-ferrous metal industry in which China’s profits have been reduced and overcapacity has occurred.
According to relevant sources of the Ministry of Commerce, the industrial damage prevention mechanism established in the non-ferrous metal industry is mainly based on expert systems and early-warning models, and the operation of the non-ferrous metals industry in terms of output, operating costs, and the impact of changes in imports and exports on domestic industries. , Market development changes, and business operations to track and monitor, and at the same time compare domestic and foreign companies operating conditions, market conditions, etc., to determine the possible existence of abnormal industrial damage, and timely release warning information to the industry and enterprises.
It is reported that China has already established an industry damage warning mechanism in 10 industries such as automobiles, steel, fertilizers, textiles, electronic information and logistics. The number of monitoring companies has reached more than 9,000.

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