China is considering allowing its northern provinces to decide individual output cuts by heavy industry to rein in emissions during the winter, ditching an earlier plan for blanket cuts in a bold bet to clean the country’s notoriously toxic air. Talk of the move drove down steel and industrial raw material prices and comes as Beijing looks to end its “one-size-fits-all” fight on pollution, devising more nuanced policies reflecting local conditions to limit economic disruptions. “Production cuts on heavy industry will remain this winter, but detailed cutting rates will be set by local authorities based on their own situation,” said a source, who is involved with the plan. It is not clear when the […]