The Adjustment Of Market Structure And Product Price Of Chinese Manufacturing Industry Under The Pressure Of Excess Production Capacity

Overcapacity is a major problem facing China and the world today.At the central economic conference held in late 2016,it is one of the top five tasks for economic growth in China at the present moment to restrain the overcapacity above the level of stable economic growth.Overcapacity not only exists in China for a long time,but also is a common problem existing in many major countries in the world.Since the reform and opening up in 1978,the Chinese economy has experienced four cycles of overcapacity.The central government has also taken a lot of efforts to solve the problem of overcapacity in China,but the effect is not obvious.At the end of the most recent round of capacity cycles,the price of commodities suddenly started to rise.In 2016,the price rose by 30%in the whole year.Especially in some traditional overcapacity industries,the sudden rebound of prices caused great repercussions.Why the price will suddenly increase?Why did the first three production cycle prices did not appear so change?This article takes this as the research background,starts with the study of the market structure and product prices of micro-industries,and studies how to adjust the market structure and product prices of China's manufacturing industry under the pressure of overcapacity.In this thesis,macro-overcapacity problem is explained by studying the change of micro-industry market structure and product price,providing the micro-foundation for the study of macro-overcapacity problem,and on the basis of this,we can provide the national government with some advice on the de-capacity policy that suits China's national conditions.The healthy and sustained development of all enterprises in the industry has enabled China to get rid of the problem of overcapacity in its economic development.First of all,by describing the current situation of overcapacity in China's manufacturing industry,this paper finds that there is a difference in the market structure of China's manufacturing industry and developed countries in the overcapacity industry.Then,based on the traditional theoretical model of economic analysis,it is concluded that under the premise of effective market,China's overcapacity industries can squeeze outdated enterprises through their own regulatory mechanisms.However,this is inconsistent with what actually happened in the first three production cycles.Next,by analyzing the factors affecting the overcapacity and the impact of the mechanism to determine the impact of overcapacity in the real environment,the final use of fixed-effects method to select the selected 16 manufacturing industry modeling analysis to study various effects Factors affecting the overcapacity situation.This thesis is divided into six parts.The first part is an introduction,which mainly introduces the research background and literature review,research methods and contents,and innovations and shortcomings of this paper.The second part is the description of the overcapacity in manufacturing industry in China.Through the overall description of overcapacity in manufacturing industry in China and the description of the three sub-industries of papermaking,steel and textile,the author studies the generality and particularity of overcapacity in manufacturing in China,And finally found that there is difference between the overcapacity of manufacturing in China and the market structure of overcapacity in developed countries.The third part is based on the second part of the phenomenon that the market structure of overcapacity industries in China and other developed countries is different.The traditional mathematical model is used to analyze the competition of enterprises in different industries with different market structures.The fourth part is the analysis of the factors that affect the overcapacity in manufacturing industry and the mechanism analysis.Through the analysis of the factors that affect the overcapacity and the mechanism to explain the change of overcapacity in the real economy environment.The fifth part is the analysis of the impact on the industry market structure and product prices under the pressure of overcapacity,based on the data analysis of 16 industries in China's manufacturing industry.The results show that:(1)There is a difference in the market structure between overcapacity industries in China's manufacturing industry and overcapacity industries in developed countries in foreign countries.Developed countries in the world can not change their market structure through their own regulatory mechanisms when faced with overcapacity pressure.China's manufacturing industry Effective under the premise of the market through its own regulatory mechanism to adjust the price and market structure to ease the pressure of overcapacity.(2)In a real economic environment,China's manufacturing industry can not ease its own regulatory mechanism in the face of overcapacity pressure.There is a market failure,and the government's environmental regulation can well internalize the environmental costs of the industry,so as to squeeze outdated enterprises to ease the pressure of overcapacity.(3)The increase of export proportion can reduce the large-scale industrialization of the industry and reduce the price of products.The increase of GDP growth rate can increase the large-scale industrialization of the industry.The increase of investment proportion can reduce the market price of products and the increase of capacity utilization rate Can reduce the degree of large-scale enterprises,improve product market prices.Strict government policies on pollutant emissions can improve the industry's large-scale enterprises,improve product market prices.Based on the summary of the full text,this thesis puts forward the following policy recommendations:(1)Government departments should take appropriate measures to stimulate high-end production capacity,curb low-end production capacity and adjust the product mix in the overcapacity industry.(2)The government should strictly regulate the environment,internalize the externalities of backward production enterprises,and achieve fair competition,economic efficiency and social efficiency simultaneously.(3)Government departments should strive to ensure the market competition is reasonable and fair.(4)Government departments are wary of market collusion under the pressure of overcapacity,intensifying the publicity of the anti-monopoly law and strengthening the deterrent effect of the anti-monopoly law.(5)Improve the national economy's statistics and information disclosure system.