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Minister of Industry and Information Technology: Appropriately tolerate overcapacity
- Categories:Industry News
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- Time of issue:2019-09-18 05:16
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(Summary description) "Overcapacity is not entirely a problem. It has a positive side. We need to pay close attention to the serious overcapacity situation and take effective measures to adjust it." Minister of Industry and Information Technology Miao Wei at the China Development Forum on the 25th As indicated above.
Miao Wei also gave a metric: "Our capacity utilization rate is less than 75% or 70%, which is worthy of vigilance, because this will trigger vicious competition between enterprises and even cause systemic risks."
Recently, the once-popular Wuxi Suntech entered the bankruptcy proceedings. One of the reasons was that it rushed to blindly expand its production capacity, and this situation did not appear in the photovoltaic industry alone. The current overcapacity in the wind power industry has caused some companies such as Sinovel Wind Power to include Of benchmark companies suffered huge losses, and the overcapacity problem in other industries such as traditional steel is unquestionable.
But at the China Development Forum on the 25th, Miao Wei said: "If we say that there is a proper excess, this is something the government should tolerate and even be happy to see it happen. This is not entirely a bad thing in itself, only moderation. Only with surplus can there be competition from enterprises."
Miao Wei believes that overcapacity is, to a certain extent, the function of the socialist market economic system, which "changes the previous planned economy’s capacity shortage and commodity shortage."
At the meeting that day, Miao Wei proposed to solve the problem of overcapacity from three aspects: increasing industrial concentration in industries with obvious economies of scale; encouraging enterprises to increase investment in research and development and increasing the technical content of products; improving energy conservation and environmental protection restraint mechanisms. Eliminate backward production capacity.
Minister of Industry and Information Technology: Appropriately tolerate overcapacity
(Summary description) "Overcapacity is not entirely a problem. It has a positive side. We need to pay close attention to the serious overcapacity situation and take effective measures to adjust it." Minister of Industry and Information Technology Miao Wei at the China Development Forum on the 25th As indicated above.
Miao Wei also gave a metric: "Our capacity utilization rate is less than 75% or 70%, which is worthy of vigilance, because this will trigger vicious competition between enterprises and even cause systemic risks."
Recently, the once-popular Wuxi Suntech entered the bankruptcy proceedings. One of the reasons was that it rushed to blindly expand its production capacity, and this situation did not appear in the photovoltaic industry alone. The current overcapacity in the wind power industry has caused some companies such as Sinovel Wind Power to include Of benchmark companies suffered huge losses, and the overcapacity problem in other industries such as traditional steel is unquestionable.
But at the China Development Forum on the 25th, Miao Wei said: "If we say that there is a proper excess, this is something the government should tolerate and even be happy to see it happen. This is not entirely a bad thing in itself, only moderation. Only with surplus can there be competition from enterprises."
Miao Wei believes that overcapacity is, to a certain extent, the function of the socialist market economic system, which "changes the previous planned economy’s capacity shortage and commodity shortage."
At the meeting that day, Miao Wei proposed to solve the problem of overcapacity from three aspects: increasing industrial concentration in industries with obvious economies of scale; encouraging enterprises to increase investment in research and development and increasing the technical content of products; improving energy conservation and environmental protection restraint mechanisms. Eliminate backward production capacity.
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2019-09-18 05:16
- Views:0
Information
"Overcapacity is not entirely a problem. It has a positive side. We need to pay close attention to the serious overcapacity situation and take effective measures to adjust it." Minister of Industry and Information Technology Miao Wei at the China Development Forum on the 25th As indicated above.
Miao Wei also gave a metric: "Our capacity utilization rate is less than 75% or 70%, which is worthy of vigilance, because this will trigger vicious competition between enterprises and even cause systemic risks."
Recently, the once-popular Wuxi Suntech entered the bankruptcy proceedings. One of the reasons was that it rushed to blindly expand its production capacity, and this situation did not appear in the photovoltaic industry alone. The current overcapacity in the wind power industry has caused some companies such as Sinovel Wind Power to include Of benchmark companies suffered huge losses, and the overcapacity problem in other industries such as traditional steel is unquestionable.
But at the China Development Forum on the 25th, Miao Wei said: "If we say that there is a proper excess, this is something the government should tolerate and even be happy to see it happen. This is not entirely a bad thing in itself, only moderation. Only with surplus can there be competition from enterprises."
Miao Wei believes that overcapacity is, to a certain extent, the function of the socialist market economic system, which "changes the previous planned economy’s capacity shortage and commodity shortage."
At the meeting that day, Miao Wei proposed to solve the problem of overcapacity from three aspects: increasing industrial concentration in industries with obvious economies of scale; encouraging enterprises to increase investment in research and development and increasing the technical content of products; improving energy conservation and environmental protection restraint mechanisms. Eliminate backward production capacity.
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