Research On The Path Of Deepening The Reform Of State-owned Enterprises Based On “Cutting Overcapacity”

In recent years,there has appeared serious excess capacity in many industries in China.Although the problem of excess capacity has been alleviated on the whole,it is still prominent in some industries.The serious overcapacity problem will waste a lot of social resources and reduce the allocation efficiency of resources greatly,which will cause serious harm to the sustainable and healthy development of our economy.Severe overcapacity has become a major obstacle to the transformation and upgrading of China's economic structure and the transformation of the economy to high-quality development.The problem of overcapacity has already attracted the attention of the CPC central committee and the state council.General Secretary Xi Jinping and Premier Li Keqiang had pointed out the importance of addressing overcapacity in relevant major meetings.December 18,2015,the central economic work conference put forward that the “de-capacity” is the primary task of supply-side structural reform.December 18,2017,the central economic work conference pointed out that disposing the “zombie enterprises” should be taken as an important step to reduce overcapacity.March 5,2018,Primer Li reiterated that in 2018,we will continue to solve the excess capacity,weed out outdated production capacity and enhance bankruptcy liquidation and reorganization of zombie enterprises in the government work report of the thirteenth session of the National People's Congress(NPC).Overcapacity problem also attracted the attention of the domestic scholars and experts.They aimed at the present situation,the causes of overcapacity problem and resolving measures had carried out extensive researches.There are many reasons of some industry's excess capacity,even severe overcapacity situation: Floundering international economic situation caused of exports in downturn.Slowing domestic economic growth caused insufficient domestic demand.Reason of government'smacroeconomic regulation and control.Imperfect institutional.And one of the most direct reason is that a series of blind and excessive investment expansion behavior of state-owned enterprises,which is closely related to the incomplete and lagging reform of state-owned enterprises fundamentally.Based on the current situation of industry overcapacity,this paper explores its inner relation with state-owned enterprises and the current situation of excess production capacity,analyze the direct and root causes of state-owned enterprise overcapacity,and put forward specific path of deepening the reform of state-owned enterprises to remove excess capacity.The main content of this paper consists of three parts.First of all,based on the existing domestic and foreign related research literature about overcapacity,this paper clarifies the meaning of excess production capacity,defines the judgment standards of excess production capacity as well as put forward the background and significance of capacity.Secondly,it analyzes the inherent relation between overcapacity and state-owned enterprises,and the direct causes and root causes of overcapacity in state-owned enterprises.The direct reason includes haphazard investment,problem prominent duplicated construction,insufficient recognition in risk,inefficient supply of the state-owned enterprise.The root reason is slow and incomplete reform of state-owned enterprises.Finally,the paper puts forward the concrete path of reform of state-owned enterprises from perspective of “going to capacity”.what the details is that accelerate the mixed ownership reform of state-owned enterprises,promote state-owned enterprise technology innovation and achievements transformation system reform,strengthen state-owned enterprise brand construction strategy,strengthen the international cooperation capacity,focus on state-owned enterprises exit mechanism construction to address the current state-owned enterprises excess capacity and guard against the new capacity effectively.