The European Union Chamber of Commerce in China, the European Union Chamber of Commerce in China, proposed on the 26th that the international community strengthen policy coordination and conduct more in-depth international cooperation with China to help China curb overcapacity.
On the same day, the European Union Chamber of Commerce in China released a research report focusing on overcapacity in China. The report recommends that major countries such as the US and Europe and China develop long-term plans to help China curb overcapacity. "As a return to China's efforts to adjust interest rates, open the financial system, improve labor compensation, reform all land systems, and reassess the currency, the EU and the US should commit to supporting their domestic investments to prevent a decline in demand and continue the Chinese economy in transition. Open export market."
The report emphasizes that at a time when China is trying to curb overcapacity and accelerate economic transformation, the international community should strengthen policy coordination. Otherwise, once there is a conflict, the world will be at a loss, and trade friction will inevitably escalate, and this will affect all countries.
"At present, the unemployment rate in Europe is rising, trade protectionism is on the rise, and China will have overcapacity problems for a long time. We hope that European and American officials will recognize this when dealing with China and deal with China's trade partnership." Chamber of Commerce Chairman Woodk said at the press conference on the 16th.
The report entitled “China Overcapacity Research†was jointly completed by the European Union Chamber of Commerce in China and an internationally renowned consulting company. Based on investigations, expert interviews and analysts' opinions, the authors examined the causes of overcapacity in China and proposed a number of policy suggestion.
Overcapacity is a serious challenge for China's sustainable economic development. Zhang Ping, director of the China Development and Reform Commission, publicly stated last week that "the problem of overcapacity is further highlighted" is a major problem that China needs to focus on in the future. In August this year, at the State Council executive meeting hosted by Premier Wen Jiabao, steel, cement, flat glass, coal chemical, polysilicon, and wind power equipment were identified as the current six overcapacity industries in China.
Others Airsoft Tactical Products
Painting Compact,Military Camouflage Oil,Tactical Painting Oil
Ningbo Rongyi Chemical Fiber Science&Technology Co.,Ltd. , http://www.chinabpv.com