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China is facing a persistent challenge in its economic transformation, as overcapacity in key sectors such as steel, coal, and many chemical industries continues to hinder progress. Among the six listed chlor-alkali companies, Nanning Chemicals and Xinjiang Tianye reported losses in 2012, highlighting the sector's financial struggles. Recent quarterly reports show that the chlor-alkali industry experienced a staggering 97.65% year-on-year decline in first-quarter profits, signaling deep-rooted issues.
Meanwhile, the steel industry remains trapped in a cycle where increased production leads to greater losses. Despite five consecutive quarters of losses, output levels have continued to rise, reaching record highs. This paradox reflects the broader problem of inefficient resource allocation and weak demand-side growth.
In response, various industries are actively seeking solutions to reduce excess capacity. Market-driven approaches, such as encouraging mergers, promoting technological upgrades, and improving efficiency, are seen as more sustainable than traditional methods. However, government intervention still plays a crucial role. Regulators need to rethink their strategies, refine policies, and enforce stricter guidelines to prevent unnecessary expansion and promote healthier industrial development. By combining market forces with targeted policy reforms, China can take meaningful steps toward a more balanced and sustainable economy.
All of our LED lights are tested before shipment, meaning that when we say a fixture will last you over 5,000-10,000hours with high lumen efficency.
Chemical subsector excess capacity