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Article: PRODUCTION CAPACITY REDUNDANCY APPEARS IN CHINA'S 11 INDUSTRIES
- Article from:
- AsiaInfo Services
- Article date:
- May 1, 2006
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AsiaInfo Services
05-01-2006
Production Capacity Redundancy Appears in China's 11 Industries
BEIJING, May 01, 2006 (SinoCast via COMTEX) -- Presently, China's 11 industries presented overproduction or potential overproduction.
Overproduction industries:
Steel industry: production has exceeded market demand by 120 million tons and 70 million tons of production capacity is under construction.
Electrolytic aluminum: its production capacity has reached 10.30 million tons and unutilized capacity reaches 2.6 million tons.
Auto industry: the auto production capacity has exceeded 2 million. A larger volume is planning.
Alloy industry: present production capacity is 22.13 million tons, 40 of the total ...