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Industrial Overcapacity And Duplicate Construction In China : Reasons And Solutions - Feitao Jiang

Industrial Overcapacity And Duplicate Construction In China

Reasons And Solutions

Hardcover Published: 26th April 2019
ISBN: 9789813277274
Number Of Pages: 292

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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.

ISBN: 9789813277274
ISBN-10: 9813277270
Series: Chinese Economics Research
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 292
Published: 26th April 2019
Country of Publication: SG
Dimensions (cm): 22.91 x 15.19  x 1.75
Weight (kg): 0.56

Earn 416 Qantas Points
on this Book