Policies to Reduce Excess Capacity in the Chinese Iron and Steel Industry:

DOI

Bibliographic Information

Other Title
  • 中国鉄鋼業における過剰能力削減政策
  • Industrial Policy as a Coordination Process
  • 調整プロセスとしての産業政策

Description

This study aims to explain the implementation and implications of excess capacity reduction policy in the Chinese iron and steel industry during the first half of the 13th Five Year Plan （FYP） and evaluate it from the perspective of economic coordination process. This policy successfully reduced the legal production capacity and eliminated informal production. However, hidden capacity continued to grow, escaping governmental oversight. Such capacity partially offsets the effects of reductions. Moreover, the selection mechanism to ensure the survival of efficient plants did not work well. The government considered the quantity target absolute despite of demand recovery. Selecting the equipment to be dismantled was reliant on administrative discretion and negotiations between the local government and enterprises. This study concluded that excess capacity reduction policies had achieved their quantitative targets. However, the policies had not adequately prepared the market and government to play appropriate roles in their respective fields.

Journal

Keywords

Details 詳細情報について

  • CRID
    1390292240176015232
  • DOI
    10.20784/jamsjsaam.27.0_35
  • ISSN
    24242284
  • Text Lang
    ja
  • Data Source
    • JaLC
  • Abstract License Flag
    Disallowed

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