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European Chamber: Overcapacity in China

European Chamber: Overcapacity in China

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Published by chinabubblewatch
http://www.euccc.com.cn/view/static/?sid=6388
http://www.euccc.com.cn/view/static/?sid=6388

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Published by: chinabubblewatch on Jan 15, 2010
Copyright:Attribution Non-commercial

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09/16/2010

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 © European Union Chamber of Commerce in ChinaAll Rights reservedwww.europeanchamber.com.cn
   O  v  e  r  c  a  p  a  c   i   t  y   i  n   C   h   i  n  a
    E  u  r  o  p  e  a  n     C    h  a  m    b  e  r
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1 Executive summary
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2 Reasons for overcapacity
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2.1 China's development model and global imbalancesP
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2.2 High household savings, lack of consumptionP
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2.3 High corporate savingsP
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2.4Easyliquidityandscalsystem
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2.5 Financial crisis and stimulus packageP
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2.6 Local-level economic policiesP
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2.7 Subsidised costs to producersP
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2.8 Easy technological availabilityP
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2.9 Industry localisation / fragmentationP
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2.10 Environmental, health and safety standardsP
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2.11Philosophyofmarketshareversusprotability
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3 Six industries are severely affected
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3.1 SteelP
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3.2 AluminiumP
25
3.3 CementP
28
3.4 ChemicalsP
32
 
3.5Rening
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3.6 Wind power equipment
Overcapacity in China
Causes, Impacts and Recommendations
 
1
 O v e c a p a ci   t   yi  n Ci  n a
 u o p e an  C am b  e
 
1
 O v e c a p a ci   t   yi  n Ci  n a
 u o p e an  C am b  e
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4 Overcapacity causes domestic and global problem
sP
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4.1 Impact on the Chinese economyP
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4.2 Global impact: Trade tensionsP
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5 Recommendations
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5.1 International coordinationP
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5.2 Stimulating domestic consumption and reducing investmentsP
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5.3Fiscalandnancialsystem
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5.4 Promoting a vibrant services sector P
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5.5 Strengthen the privatisation processP
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5.6 Promoting innovationP
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5.7 Improve the implementation of environmental, safety and healthstandards and lawsP
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5.8 Reform resource pricingP
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5.9Amoreexiblecurrencytoreectdemand/supply
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 Appendix
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 About Roland Berger Strategy Consultants
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 About the European Chamber 

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