日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Macro

Overcapacity troubles China economy, reform needed

Xinhua | Updated: 2013-04-15 15:31

BEIJING - Although economic figures for March indicated a more stable economy in China, overcapacity continues to trouble the country's industries.

China's purchasing managers' index for the manufacturing sector rose to 50.9 percent in March, representing positive growth, according to data released by the Federation of Logistics and Purchasing on Monday.

However, the sub-index for finished product inventories went over 50 after declining for eight consecutive months, indicating a worsening situation of excess production capacity.

A PMI reading of 50 or greater indicates expansion, while a reading below 50 indicates contraction.

Authorities said China has to cope with overcapacity in traditional manufacturing and emerging industries in the coming years. Otherwise, bankruptcy, debt and unemployment may cause a financial crisis.

"Overcapacity has exposed structural weaknesses in the process of China's industrialization," said Li Yan, director of industrial policy research with the Ministry of Industry and Information Technology, or MIIT.

Easing the problem in the short-term by prohibiting excess production and overlapping investment will only ease the symptoms, but not cure the disease.

"Administrative regulations cultivate excess capacity," said Feng Fei, head of industrial economic research at the Development Research Center of the State Council.

He said that governments at all levels should recognize administrative influence on resources and production and the blind pursuit of economic growth, which largely determines how local officials are promoted.

Immoderate excess

China's latest large-scale governance of overcapacity happened after the world financial crisis in 2008, which was followed by a slack economic recovery and a new round of investment plans.

According to MIIT data, output totaling 720 million tons resulted in a loss of 28.92 billion yuan ($4.67 billion) for the country's iron and steel industry in 2012.

This was not a special case. In 2012, 93 percent of electrolytic aluminum enterprises suffered losses, considering the gap of 7 million metric tons between the industry's real output and capacity, MIIT said.

China takes on steel overcapacity

China needs to address industrial overcapacity

Steel companies pin hopes on autos

CISA: Steel industry hit by overcapacity

Photovoltaics overcapacity 'to be solved'

Previous Page 1 2 3 Next Page

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产精品爽爽爽 | 96免费视频 | 中文字幕免费看 | xxx日本黄色 | 欧美日韩亚洲激情 | 中文字幕在线观看网站 | 爱情与灵药在线 | 亚洲午夜18毛片在线看 | 日韩一区二区中文字幕 | 欧美一级大片在线观看 | 国产一区二区精品在线 | www.av色| 日韩久久久久久久 | 欧美精品日韩在线观看 | www.日韩.com | 五月综合视频 | 久久黄色视| 国产视频日韩 | 黄色九九| 麻豆理论片 | 可以在线观看的av | 亚洲天堂一区 | 色狠狠综合网 | 久久爱伊人 | 婷婷日韩| 成人aaa| 日批在线看 | 一区二区三区黄 | 伊人久久久久久久久 | 免费看成人片 | 4虎在线 | 在线观看精品一区 | 91青青操| 天天干天天操天天爱 | 亚洲v国产v欧美v久久久久久 | 日韩欧美亚洲综合 | 亚洲一区二区欧美 | 在线观看日韩视频 | 成人xxx | 亚洲黄色天堂 | av中文字幕一区 |