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

Make me your Homepage
left corner left corner
China Daily Website

China faces worsening overcapacity

Updated: 2013-12-02 11:20
( Xinhua)

China faces worsening overcapacity

Workers labor at an iron and steel company in Laiwu, Shandong province. The industry is burdened with excess capacity, and is losing money. The central government has announced measures to cut the sector’s capacity and improve its efficiency. Xu Hongxing / For China Daily


BEIJING - China's latest figures on industrial activities indicated that the world's second largest economy faced worsening overcapacity despite a slew of measures and repeated warnings from the leadership.

Analysts said overcapacity was posing a big, if not the biggest, threat to China's future development, and there was no quick fix. They suggested the country should try to eradicate the roots of industrial overcapacity from within the economic system through further reforms.

Chinese industrial businesses saw their profits rise 15.1 percent year-on-year in October, slowing from 18.4 percent in September, according to figures released on Thursday by the National Bureau of Statistics.

Total profits from main operations by industrial companies with annual revenues of more than 20 million yuan ($3.26 million) stood at 566.9 billion yuan in October, up 6 percent year-on-year, slowing from 7.5 percent in September.

Analysts said the two decelerations should be mainly attributed to the ever-growing inventory of industrial companies owing to the overcapacity.

The inventory of finished products among industrial companies in China was worth a total of 3.25 trillion yuan ($529.6 billion) by the end of October, an increase of 6.2 percent from a year ago. The inventory has risen for nine consecutive months since February.

According to Zhao Xiaoling, a Beijing-based macro economic analyst, the inventory of 959 manufacturing companies listed on the Chinese stock market was worth a record high of 1.14 trillion yuan by the end of the third quarter of 2013, a jump of 61 percent from the end of 2009.

"What's the principal contradiction for China's economy? I think it is overcapacity. Future reforms and structural adjustment should focus on this problem, or it will be hard to see results," said Wang Jian, secretary general of the China Society of Macroeconomics, quoted by Xinhua-run Economic Information Daily.

According to Wang, it is unclear whether the lasting problem of overcapacity will push China into an economic crisis, but the over-200-year history of capitalist countries showed that there was a natural relationship between overcapacity and economic crises.

The manufacturing-based Chinese economy began to suffer overcapacity after the outbreak of the global financial tsunami in 2008, which led to sluggish external demand.

China's over-reliance on investment and foreign trade had fueled rapid growth in some sectors before 2008, and when global demand plunged and domestic production costs rose, overcapacity surfaced along with falling profits.

 

Read more:

Non-ferrous metal output rises despite overcapacity

Previous Page 1 2 Next Page

 
 
...
主站蜘蛛池模板: 久久久久久久999 | 精品国产乱码久久久久久88av | 欧美一区二区不卡视频 | 三级亚洲欧美 | 波多野结衣视频网址 | 亚洲五月综合 | 成人极品视频 | 俺去啦最新网址 | 国产尻逼视频 | 免费黄色小视频在线观看 | 天堂视频在线观看免费 | 男女做羞羞 | 青青草国产成人av片免费 | 亚洲天堂色图 | 爱爱精品 | 8x8ⅹ国产精品一区二区 | 天天操导航 | 男女无遮挡xx00动态图120秒 | 亚洲免费影院 | 亚洲精品国产一区二区 | 动漫精品一区二区三区 | 久久久综合久久久 | 波多野结衣在线观看一区二区 | 精品视频一区二区三区在线观看 | 99久久久久久| 色综合五月 | av一本 | 午夜欧美激情 | 最新中文字幕第一页 | 超碰自拍97| 日韩欧美视频免费观看 | 中国免费毛片 | 亚洲高清av在线 | 国产极品一区 | 国产一级做a爱片久久毛片a | 欧美视频中文字幕 | 黄色欧美网站 | 天天草天天射 | 午夜在线观看视频网站 | 日韩在线观看免费网站 | 国产精品视频网址 |