The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
China Center Special Briefing Paper: Appraising Industrial Overcapacity – the Achilles Heel of Chinese Growth?

While China’s industrial overcapacity is clearly recognized by the government and businesses operating in the country, its implications for future economic growth are not fully appreciated. Acute overcapacity in China’s industrial sector means that the easily engineered GDP growth of yesteryear – via investment in manufacturing plants and machines by State-vested firms – is no longer possible. Moreover, recent government initiatives such as One Belt One Road, the Four Megacities, China Manufacturing 2025, and even the recent RMB devaluation, in our view, cannot deliver the necessary demand to reverse the industrial stagnation that is now setting in and visibly spreading. Understanding these points is critical to assessing whether China’s economic stewards will be able to successfully shift the economy toward a more sustainable growth model.

Pricing
China Center Publications
Members: Sign in to see if this product is complimentary with your membership.
Non-members: Not available
(Email us to learn more about membership
)