Understanding China's Overcapacity

Description

This book analyzes of the surplus of production capacity in China. According to a government statement, there is a serious surplus of productive capacity in the steel, cement, glass, aluminum, and shipbuilding industries. There was no surplus of productive capacity in above industries between 2002 and 2012, and the current surplus is due to poor government policies on real estate prices after 2012. The book argues that if the Chinese government invested more in social welfare housing over the next few years the surplus of productive capacity would very soon disappear. Front Matter ....Pages i-xiii Evaluation of Overcapacity with an Innovative Definition (Dianqing Xu, Ying Liu)....Pages 1-31 Is Steel Capacity Excessive? (Dianqing Xu, Ying Liu)....Pages 33-89 Is There Overcapacity in Cement Industry? (Dianqing Xu, Ying Liu)....Pages 91-183 Is Overcapacity True for Sheet Glass Industry? (Dianqing Xu, Ying Liu)....Pages 185-199 Is There Overcapacity in Primary Aluminium Industry? (Dianqing Xu, Ying Liu)....Pages 201-229 Does Shipbuilding Industry Suffer Overcapacity? (Dianqing Xu, Ying Liu)....Pages 231-248 Overcapacity and Role of Government (Dianqing Xu, Ying Liu)....Pages 249-264 Back Matter ....Pages 265-266