Having delayed serious structural reforms, China faces eye-watering overcapacity in heavy industries. Steel production volume is more than double that of the next four leading producers combined: Japan, India, the United States and Russia. Aluminum production capacity reached 40 million tons last year, exceeding global consumption by 9 million tons. Most remarkably, between 2011 and 2013 China produced more cement than the US did during the entire 20th century—6.6 gigatons, compared to the US’s 4.5. What can China possibly do about this excess capacity that is weighing on the balance sheets of debt-ridden firms reeling from China’s economic slowdown?
As China’s economy matures, the leaders are trying to move manufacturing up the value chain with the Made in China 2025 plan.
With the Made in China 2025 plan, the government is trying to give the manufacturing sector a major boost. A look at the sectors that will get a fillip.
Laurence Barron, Chairman of Airbus Group China, on the company’s growth in China’s expanding aviation sector
As awareness increases, Chinese consumers are taking to electric vehicles. But just how evolved is the Chinese electric car industry?
As China changes, companies are being forced to adopt China Plus One strategies and look at other countries for manufacturing.
Examining the possible reasons behind the merger of two Chinese train manufacturers, China CNR Corp. and CSR Corp.
The sharing economy has threatened traditional industries in the West in the last few years. Now it’s gaining a foothold in China.
This week, we saw the debut of Alibaba’s bonds, the new China-Australia FTA, and China’s factory output shrank thanks to the APEC conference.
How the growing use of robots in China will impact different sectors of the economy, as well as the country’s robot makers.