1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Analyst sees industrial overcapacity last until 2016

      2013-05-17 17:10 Xinhua     Web Editor: Gu Liping comment

      The process for China to gradually eliminate excessive production capacity in over-supplied sectors may last till 2016, a Chinese macroeconomic analyst has warned.

      Overcapacity problems intensified following over-investment in 2009, and it will be seven years from that point before the excessive production is eased, Chen Letian, chief macroeconomic analyst with Rising Securities, wrote in an article published on the China Securities Journal reported on Friday.

      Had it not been the massive expansion in industrial capacity amid massive stimulus in 2009, China's current round of production capacity would likely be reduced to normal levels in 2013, Chen wrote.

      Overcapacity has led China's several sectors, including the steel industry, to the edge of losses.

      By the end of the first quarter, the debt-to-asset ratio of the steel sector reached 61.52 percent, while average daily crude steel output climbed to a record high of 2.132 million metric tons.

      Overcapacity also troubles China's emerging solar and wind industries, with the solar sector seeing a capacity utilization rate of 60 percent and the wind turbine industry's rate at less than 70 percent.

      A capacity utilization of less than 70 percent is dangerous and could trigger vicious competition, Chen warned.

      High profit expectation and widely support from local governments led to China's overcapacity problems.

      Chen wrote in the article that China will face urgent need to cope with overcapacity in the coming years; otherwise, bankruptcy, debt and unemployment may cause a financial crisis.

      He suggested that some of the excess capacity could be absorbed through mergers and reorganization, improving companies' capacity for innovation and encouraging Chinese businesses to expand overseas.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲av午夜电影在线观看| 亚洲国产精品狼友中文久久久| 在线精品亚洲一区二区小说| 亚洲尹人九九大色香蕉网站 | 亚洲综合网美国十次| 暖暖免费日本在线中文| 亚洲高清国产拍精品青青草原| 亚洲精品狼友在线播放| 四虎影视久久久免费| 久久久久亚洲AV综合波多野结衣 | 免费在线观看日韩| 美女视频黄视大全视频免费的| 成人免费无码H在线观看不卡| 色播精品免费小视频| 亚洲电影唐人社一区二区| 国产四虎免费精品视频| 亚洲人精品亚洲人成在线| 国产精品二区三区免费播放心 | 91精品国产免费入口| 亚洲国产精品久久久久秋霞影院| 一区免费在线观看| 亚洲成AV人片在线观看ww| 久久久久免费精品国产| 亚洲人色大成年网站在线观看| 18禁在线无遮挡免费观看网站| 在线观看亚洲免费| 久久不见久久见免费影院www日本| 成年免费大片黄在线观看岛国 | 黄网站免费在线观看| 久久亚洲AV成人无码软件| 少妇高潮太爽了在线观看免费| 久久国产精品亚洲综合| 2022久久国产精品免费热麻豆| 亚洲精品亚洲人成人网| 最近中文字幕mv免费高清视频8| 亚洲人成在线播放网站| 国产成人免费午夜在线观看| 337P日本欧洲亚洲大胆精品| 国产偷窥女洗浴在线观看亚洲| 羞羞网站在线免费观看| 婷婷亚洲久悠悠色悠在线播放|