Research On Structural Reform Of De-capacity And Supply Side In The Steel Industry

The excess capacity has been one of an important problems in China’s economic development.Although Chinese government have took measures to dissolve this problem.But the problem is more serious than before.The problem of excess production capacity and inventory glut should be dissolved first in supply-side structural reform.Therefore study of excess production capacity is meaningful for Chinese supply-side structural reform.Iron and steel industry is one of the fundamental pillar industry and one of the excess capacity industry of national economy in China.It is also the focus of the policy department repeatedly governance industry.Therefore this article selects the Chinese iron and steel industry as the research object to analyze.We should analysis excess capacity in the view of supply and demand instead of one aspect.This paper analyzed the extent of Chinese iron and steel industry overcapacity with quantitative and qualitative analyses,and concluded that excess capacity in our country is institutional capacity structural overcapacity.So excess capacity in our country is excess supply.The country should decrease the overcapacity with supply-side structural reform.This paper includes five parts:The first part: The first part introduces the research background and significance,analyzes the excess capacity and compare to domestic and foreign scholars on this research.It also introduces the meaning and classification of overcapacity.At last,it introduces the innovations and shortcomings;The second part: This part introduce the concept and the theory of overcapacity;The third part: The paper introduces the development and advantage of China’s steel industry,it also analyzed the extent of Chinese iron and steel industry overcapacity from the industrial concentration,capacity utilization,profitability and debt ratio,then this part introduces the features of Chinese iron and steel industry overcapacity;The forth part: This part study the formation mechanism of excess production capacity in China from the government,enterprise and market three aspects to illustrate,and analyzes the harm of excess production capacity;The fifth part: This part introduces the governance of excess capacity measure and analyzes its deficiency.It also conclude the experience of foreign countries’ governance of overcapacity,and puts forward policy proposals and study of shortcomings.