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Fran?ais
Business
Home / Business / Macro

Overcapacity troubles China economy, reform needed

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

Local governments are deeply involved in managing production, which can affect market operation.

"Government power causes similar choices to be made in different places," Feng said. "Vastly profitable sectors like land and mineral resources have led local governments to steer corporate investment."

Local governments are also in charge of approving projects, leading investors to prefer government-targeted sectors so as to ensure approval, Feng said.

Despite central government urges to curb excess capacity, local governments have not taken all the factors involved in industrial layout into consideration. Boosting the local GDP and employment are still prioritized, leading to repeated input for the same projects.

Regional protectionism and lagging systematic reform have sheltered many incompetent companies, hampering the market's function, analysts said.

Structural reform

The overcapacity problem may be solved through structural reform that boosts innovation and quality-oriented economic growth.

Li said the way local government performance is evaluated should be changed to fit the market and facilitate fair competition, as well as reduce administrative meddling.

Local governments should be banned from using direct stimulative measures to encourage investment, he said.

He also called for more transparent and stricter approval for land projects, leaving decision and risk for enterprisess to cope with.

Financial and taxation reform needs further implementation, in order to act as an efficient tool to restrain local investment while reducing pressure on the expenditures of local governments.

Necessary taxes for resources are expected to cover more products and sectors with high energy consumption, Li said.

Governments at all levels should create a healthy environment that allows the market to maintain itself and weed out unsustainable capacity, he said.

Li said less-controlled market operation and stricter approval for key projects can contribute to realizing greater market competition.

"More open market access, a stricter bankruptcy system and a smoother market pricing mechanism can help give full play to market competition," Feng added.

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: 精品视频在线播放 | 久久网址 | 欧美国产第一页 | 黄色a级大片 | 人妖和人妖互交性xxxx视频 | 国产第6页 | 91免费入口| 日韩国产精品一区二区 | 欧美日韩免费在线视频 | 欧美猛男孕妇 | 欧美一二区视频 | 国产免费一区二区三区四区 | 日本美女激情 | 小泽玛利亚一区二区三区视频 | 久久久美女 | 日女人的逼 | 美日韩免费视频 | 午夜久久福利 | 在线观看一区视频 | 蜜臀va | 成人黄色在线免费观看 | 久久午夜国产精品 | 国产成人a∨ | 免费在线日韩 | 日韩av在线网址 | 国产午夜在线视频 | 五月天色婷婷丁香 | 亚洲在线免费看 | а中文在线天堂 | 在线视频资源 | 免费看三级黄色片 | 亚洲在线视频一区 | 午夜美女福利 | 99国产精品久久 | 国产精品aaa | 欧美成人综合色 | 亚洲欧美日韩另类 | 久草香蕉视频 | 狠狠操91 | 日韩久久久久久久久 | 欧美黄色一级网站 |