在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / View

Pressuring China on 'excess steel capacity' is unfair

(Xinhua) Updated: 2016-06-12 14:45

BEIJING - Some Western countries have pressured China hard lately on the excess capacity in its steel sector, hoping to protect their self-interests and gain more in trade negotiations with China. Whatever interests they pursue, they should be fair-minded.

Excess capacity as an economic term should not be abused. In almost all markets, it is natural for enterprises, especially profitable ones, to maintain some extra capacity. The reason is demand tends to fluctuate over time, and that they want to capture as large a share of the market as they can and make the most when still better time comes.

The huge steel capacity the world has today was spurred by a strong demand in the earlier booming cycle -- both in China and across the world. Many of the steel firms, including those in the United States and Europe, as well as the iron ore exporting economies, benefited from the boom.

At the development stage back then, the Chinese economy happened to be an important driver. But it is nothing to be ashamed of. China's housing market took off in the early 1990s and almost all the 1.3 billion people in the country were housed properly within 20 years.

Even as the rest of the world fell into an economic downturn, the housing demand in China persists, though its growth has been slower. This is mainly because China has a shortage of infrastructure.

Should China be blamed for increasing spending in infrastructure at a time of external economic downturn? In truth, such investment in infrastructure not only helped cushion China from the shock of a sharp slowdown in external demand, but also helped the world economy by contributing demand and growth that the world desperately needed. And most importantly, there was a solid infrastructure demand.

The market cycle is unstoppable. The lower housing demand in China unfortunately coincides with the prolonged sluggish growth across the major advanced economies.

China did not specifically choose to support the steel sector when it increased fiscal spending amid the downturn. Rather, its steel sector expanded thanks to advantages in terms of cost and closeness to the market as well as the strong profitability.

Excess capacity, or rather a weak demand, is a shared challenge. World economies should make concerted efforts to solve it instead of pointing fingers at any one in order to create a pretext for practicing protectionism.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲婷婷一区二区三区 | 91免费在线看 | 在线观看黄av | 国产一级黄片毛片 | 欧美一二三四成人免费视频 | 日韩精品2区 | 日韩成人精品 | 国产精品一区一区三区 | 欧美成人在线免费观看 | 国产成人精品999在线观看 | 四虎黄色网 | 波多野结衣中文字幕在线视频 | 97国产一区二区精品久久呦 | 成人精品在线视频 | 久久久激情视频 | 黄色免费在线观看网址 | 日韩精品视频一区二区三区 | 欧美日韩精品 | 精品无码久久久久国产 | 日韩福利在线 | 99久久免费精品国产男女性高好 | 免费大片黄| 午夜久久久久 | 精品福利在线视频 | 国产美女久久久 | 色婷婷综合网 | 国产精品久久久久久久久久 | www一区二区 | 国产精品一线二线三线 | 99re热精品视频 | 高清av网站| 欧美日韩午夜 | 国产成人精品久久二区二区91 | 一级日韩片 | 91精品久久久久久久99蜜桃 | 日韩精品观看 | 高清av网站 | 久久69精品久久久久久久电影好 | 欧美性猛xxx | 伊人久久一区二区三区 | 九九九久久国产免费 |