Research On Cutting Overcapacity In China

Since the 1990s,overcapacity has been accompanied by the whole process of China's economic development.Since the beginning of the 21st century,China's overcapacity is no longer confined to the field of consumer goods,capital-intensive heavy industry,some emerging industries have emerged overcapacity with varying degrees,hindering the optimization and upgrade of industrial structure and affecting the sustained and healthy development of the economy.In this regard,the chinese government has introduced a large number of governance measures to solve the problem of overcapacity,but the overcapacity is still not been cured,showing a phenomenon:that the old disease is not be healed,new disease coming.At present,China's entry into the "new normal" stage,the overall macroeconomic situation has undergone a fundamental change in economic growth slowed down,the economic downward pressure increases.The overcapacity,which shows the absolute and total quantitative characteristics,is the main contradiction that restricts the sustained and healthy development of the economy,which seriously restricts the transformation and upgrading of the economic structure.In this context,in 2015,the central department assessing the situation comprehensively,put the "cutting overcapacity" in the first place of the supply-front reform,meaning that "cutting overcapacity" steps into a comprehensive management stage.Therefore,it is of great practical significance to cut overcapacity and promote the sustained and steady economic growth of the economy by exploring the root causes of overcapacity and the establishment of effective methods of cutting overcapacity and mining new economic growth points.With the research ideas "literature review-theory and concept introduction-analysis of status and causes-industry analysis-summary analysis-analysis of measures and suggestions",this paper discusses measures about how to reverse the downward trend of China's economy in the process of cutting overcapacity.Firstly,this paper sums up the experience of cutting overcapacity at home and abroad by sorting out domestic and foreign literature with the method of t literature research;Secondly,this paper introduces the basic concepts and theoretical,based on the analysis of the status of China's overcapacity and the causes and the use of industry analysis of the coal industry overcapacity status and causes of the relevant discussion,proposed for coal enterprises to learn from the measures;Thirdly,this paper discusses the United States,Japan,the practice of overcapacity in Germany,and provided relevant enlightenment and reference for the overcapacity of China's governance at this stage with the method of experience and historical analysis,Finally,the countermeasures to resolve overcapacity can be combined with the international background,which can not only solve the risks of unemployment,deflation and financial malware.seizing the industry mergers and acquisitions,industry concentration to enhance the investment opportunities,and put forward research prospects.The main conclusions of this paper are as follows:(1)Moderate overcapacity is a normal phenomenon under the condition of market economy,which will not cause economic fluctuation.However,serious overcapacity will lead to distorting market mechanism and causing economic fluctuation.(2)Unscientific local government assessment indicators,making the land market,the capital market is seriously distorted,thus affecting the enterprise's access to the market threshold and business investment decisions,induced overcapacity and long overcapacity problems.(3)Lacking of innovation plays a certain role in helping in the process of overcapacity formating,hindering the overcapacity of the solution.Based on this,improving the technological innovation capability,the development of strategic emerging industries to accelerate the reform of science and technology system,optimize the system of scientific and technological innovation The environment is an important driving force to improve total factor productivity and excess capacity.(4)The management of overcapacity needs to fully deepen the reform,rationalize the relationship between the government and the market to accelerate the reform of factor market,optimize the government assessment and evaluation system;also pay attention to cultivate new economic growth point,relying on scientific and technological innovation to develop new industrial model,The consumption of the industry gradually completed overcapacity industry alternative;the same time,give full play to domestic and foreign markets,two resources for the dissolution of the role of domestic excess capacity.