Book

Industrial overcapacity and duplicate construction in China : reasons and solutions

Li, Ping, 1959- author, Jiang, Feitao, author, Cao, Jianhai, 1967- author

Overview

\"Since 2012, industrial overcapacity has become an increasingly serious problem in China, against the backdrop of domestic economic slowdown and continued downturn in international markets. Overcapacity is widespread in the traditional manufacturing sector, particularly in iron and steel, cement, electrolytic aluminium, flat glass, and ship-building industries. It is also grave in emerging industries such as polysilicon, solar cells, and wind power equipment. This book provides an overview on the overcapacity problem facing China and examines the main characteristics of overcapacity in some important industries. The book identifies two types of overcapacity: one is excess capacity that results from natural supply-demand dynamics or cyclical economic fluctuations under a relatively sound market system; the other is overcapacity caused by the overinvestment of enterprises under a flawed economic system. It probes into how overcapacity is caused and finds two contributors -- change of growth model and institutional flaws. It explores to establish a long-term mechanism for solving the problem. The book concludes that China should establish a long-term mechanism to prevent and resolve overcapacity, and to establish healthy relationship between the market and the government\"-- Provided by publisher.

• Publisher: World Scientific
• Subject: Industrial capacity China. / Industries China 21st century. / Industrial policy China. / China Economic conditions 2000-
• ISBN: 9789813277274, 9813277270

Item info:

1 item available

1 item total in all locations

Holdings :

Call Number	Copies	Material	Location
HC427.95.L55273 2019	1	BOOK	AUTOSTORE