On netease BBS in summer in economics in 2013, ministry of the original li yizhong, said excess capacity "to resolve the more than ten years, the resolve the serious." Unique to Chinese overcapacity in the overall excess. Not only a surplus of traditional industries, consumer industries, emerging industries as well. Liquor industry, for example, output from 3 million tons in 2004 jumped to 2012 tonnes in 10 million, starting to oversupply, prices fell last year. Sichuan liquor industry bellwether, profit tax, profits this year appear negative growth for the first time in ten years. Other consumer goods such as clothing, electronics, food, and even many medical field from blue ocean to the red sea. As emerging industry of structure transformation, the same struggle against excess, wind power equipment utilization rate of only 67%, utilization rate of 57%, photovoltaic battery polysilicon only 35% of capacity utilization; CLP Internet business, mobile devices, such as hand tour industry have excessive investment trends. The whole industry, difficult to resolve the excess capacity is not caused by cyclical factors, Chinese entrepreneurs only institutional failure can lead to the collective to make mistakes. Excess capacity the culprit is industrial support policy of the government blindly and disorder of monetary signals.
Posted on: Tue, 06 Aug 2013 12:13:15 +0000
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