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2022-08-02
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Multiple ministries and commissions: resolving industry overcapacity is an important task

it was learned from authorities that resolving overcapacity in some industries has become an important task for adjusting the industrial structure. The state is ready to issue the "guiding opinions on resolving overcapacity". The national development and Reform Commission, the Ministry of industry and information technology and other ministries and commissions are actively investigating this issue and formulating relevant opinions, which will be submitted to the State Council in writing soon

"this is one of the important tasks of the central government's' heavy fist 'governance this year. In addition to the industries with excess capacity such as steel, electrolytic aluminum, cement and shipbuilding, the overcapacity of emerging industries such as polysilicon, wind power equipment and new materials also deserves attention." These people said

since the beginning of this year, the relevant ministries and commissions have held meetings with the iron and Steel Association, nonferrous metals industry association, etc. to discuss the preparation of the "opinions"

relevant departments have conducted long-term research. At present, the major problem is how to manage a large number of "construction before approval" projects and what paths and methods should be taken to curb overcapacity. On the one hand, most of the new production capacity in recent years has a high level of technology and equipment, especially in the West; On the other hand, while building new capacity, many enterprises are too slow to eliminate the old capacity, resulting in the superposition of the old and new capacity, thus aggravating the excess

"these surplus industries are concentrated in basic manufacturing, which can make accurate conclusions. In addition to involving a large amount of investment, they also increase local employment and provide useful resources, and face problems such as personnel placement and local liabilities." A government official who declined to be named said

according to the general plan, in the future, new projects in industries with excess capacity will be strictly controlled, and illegal construction projects will also be severely punished. On the other hand, the industry threshold is raised through energy consumption indicators, environmental protection verification standards, bank credit, accountability, etc., and the survival of the fittest is achieved through market-oriented means, so as to prevent the further deterioration of overcapacity

overcapacity has left many industries struggling to lose money. Taking the iron and steel industry as an example, wind information statistics show that at the end of 2012, the overall asset liability ratio of the iron and steel industry increased by 1.44 percentage points year-on-year, and the average asset liability ratio of 44 listed companies was 60.35%; At the end of the first quarter of this year, the asset liability ratio of the steel industry continued to rise, with the overall asset liability ratio as high as 61.52%. According to the latest data of China Steel Association, in the first quarter of this year, the national average daily crude steel output reached 2.132 million tons, a record high. Overcapacity and oversupply became the primary difficulties of the steel industry

similar to the iron and steel industry, flat glass, cement, electrolytic aluminum and other industries have experienced price drops and large-scale losses due to overcapacity. Statistics show that China's flat glass output increased from 202million weight boxes in 2001 to 738million weight boxes in 2011, an increase of 262.87%. Statistics show that the asset liability ratio of 15 listed companies in the glass industry at the end of 2012 increased by 6.16% year-on-year, of which the asset liability ratio of Luoyang Glass was as high as 94.58%

in addition to traditional industries, new energy and new materials industries also began to show signs of overcapacity. Li Yizhong, former Minister of the Ministry of industry and information technology, said at the two sessions this year that it is an indisputable fact that some industries have serious overcapacity. Industries such as steel, aluminum, cement, coal chemical industry, flat glass, shipbuilding and even wind power equipment, photovoltaic cells and polysilicon have serious overcapacity. Zhang Ping, former director of the national development and Reform Commission, also said that at present, overcapacity is "particularly prominent" in traditional industries such as steel, cement, electrolytic aluminum, flat glass and coke; In addition, recently, emerging industries such as photovoltaic and wind power equipment have also experienced overcapacity. The utilization rate of photovoltaic capacity is less than 60%, while that of wind turbine capacity is less than 70%

according to the statistics of the silicon industry branch, by the end of 2012, the domestic polysilicon production capacity had reached 190000 tons/year. An industry insider disclosed that at present, the operating rate of photovoltaic cells is only 5. After being verified by users, the operating rate of polysilicon is as low as 35%, which is a "serious surplus"

"since the beginning of this year, the state has taken a firm attitude towards controlling overcapacity. The cold and hot shock test box has begun to move from a more mature data state to a common sense state." lixinchuang, Deputy Secretary General of CISA, said frankly that overcapacity has become an unavoidable topic in the iron and steel industry, with serious overcapacity in some regions and some varieties. The current pollution problem is very serious. The iron and steel industry should further strengthen environmental governance in order to truly resolve the problem of overcapacity and promote fair competition among steel enterprises

"breaking through local protection is undoubtedly the key to solving the problem of overcapacity." Zhanghanya, President of China Investment Association, said that some local governments often "disagree" with regulation and control under the pressure of GDP growth, employment, taxation and so on. Therefore, it is necessary to clarify the system to control overcapacity and prevent the policy from changing at the implementation level

as for solving the problem of overcapacity, Miao Wei, Minister of the Ministry of industry and information technology, said recently that to solve this problem, we should change the management mode relying on administrative examination and approval as soon as possible, and shift to more actively promoting the improvement of market mechanism and reducing government intervention. The top priority is to strictly enforce market access and promote the linkage of industrial policy, fiscal policy, land policy and environmental protection policy

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