南海问题 杨燕怡.docx

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南海问题 杨燕怡.docx

南海问题杨燕怡

南海问题欧盟媒体刊发中国驻欧盟使团团长杨燕怡大使南海问题署名文章

Therightapproachtoaddressingovercapacityproblems,fromaChineseperspective

  ByH.E.AmbassadorYangYanyi,HeadoftheChineseMissiontotheEU

  (February16,2016)

  RecentweekshaveseenfurtherworryingmovesinBrussels.TheEuropeanCommissionopenednewanti-dumpinginvestigationsonsteelproductsoriginatingfromChina,andtheEuropeansteelindustryorganisedademonstrationagainstso-calledChinesedumpingontheEUmarketandthegrantingofMarketEconomyStatusforChina.

  Theprotectionistsentimentisworryingandtheconfrontationalapproachisregrettableandmisleading.

  Nobodyshouldbeunderanyillusion:

overcapacity,includingexcessivecapacityoftheglobalsteelsector,isoneofthemanychallengesweareallfacedwith.NotonlyhastheEuropeansteelindustrysectorbeenhardhit,ironandsteelindustriesinChinaandmanyotheremergingeconomiesarebearingthebrunt,sufferingbadlyfromexcessiveproductionandflaggingdemand.

  Accordingtosomeestimates,areductionofovercapacityby30%inthoseindustrieswiththemostexcesscapacity–ironandsteel,coal,cement,shipbuilding,aluminiumandflatglass–isexpectedtoaffecttheemploymentofthreemillionworkers.

  NottomentionthatChinaisalsoconfrontedwithmanyotherdauntingtasks:

liftingtheremaining70millionpeopleoutofpoverty,advancingindustrialisationtotransformChinaintoapost-industrialsociety,rebalancingtheeconomyfrominvestmentandnetexportstoconsumptionandinnovation.

  Thesituationisseriousandrequiresaresponse.

  Butwhatkindofresponse?

Grumble,curse,cutthegroundfromunderothers'feet,retreatintoprotectionismandbeateachother'sthroats?

  Ifhistoryservesasaguide,theseareunwelcomeifnotirresponsibleresponses.Theymayhelpwithventingone'sangerandfrustrationandobtainshort-termgains,butfailtoserveone'slong-termself-interestandthecommoninterestofall.

  Obviously,howtorespondtochallengesbelongstothecompetenceofeachandeverycountry.IonlywishtosharewhatwebelievetobethebestpossibleapproachandoptionandwhatChinahasbeendoingandwillcontinuetodowithregardtotheissueonhand.

  Steelproductionhalted

  First,digesttheproblemandnotdumpitontoother'sdoorsteps.

  DevelopmentofthesteelindustryinChinaismainlytomeetitsdomesticdemand,ratherthantoexporttoothercountries.

  Toeffectivelydealwiththeovercapacityproblems,Chinahastakentoughmeasurestocontrolnewcapacity.Painfulasitis,Chinahascutitssteelindustrycapacitybymorethan90milliontonsoverthepastfewyearsandinvestmentinironandsteelassetsby13%lastyearandthegrowthofChinesesteelproductionhasbasicallycometoahalt.

  Tocontinuetoaddressovercapacityinaseriousandresolutemanner,Chinahasmadeeliminationofovercapacitythetoppriorityforthisyearandwillcutthesteelindustrycapacitybyanother100-150milliontons.

  'Zombiecompanies'

  Second,takethetacklingofovercapacityasanopportunitytoaccelerateeconomicrestructuring.

  TheChinesewordfor"crises"ismadeupoftwocharacters,crisisandopportunity.

  Guidedbyourconventionalwisdomthatopportunitiesareembeddedincrisesandthatwemustbegoodatgettingtogripswiththem,Chinaispushingthroughessentialreformsandrestructuringagainstallodds.

  BeingfullyawarethatmuchofChina'sindustrialovercapacityisheavilyconcentratedatthelowerendofthevaluecurve,wehavetakenrestructuringoftheironandsteelsectoranimportantpartofourendeavourtocompletethedifficulttransitionofmovingChinaawayfromaninvestment-ledeconomytoaconsumer-orientedone.

  Chinaisactivelyrestructuringthesteelsectorbyeliminatingoutmodedcapacity,creatingexitstrategiesfor"zombiecompanies"basedonmarketrulesandencouragingpromotionofinnovation,technology,qualityandmanagementtomeetproductionsafety,energyconsumptionandenvironmentalprotectionstandards,therebyensuringaneffectivesupplyofhighqualityproducts.

  Inaddition,wehaveputinplacestrictersupervisionoverlocalauthoritiestoguardagainstexcessproductionandtendencytoprotectenterpriseswithfavourablepolicies.

  Trainingandrelocatingworkersfornewjobs

  Third,supporttrainingandrelocatingworkersfornewjobsandbusinessestominimisethenegativeimpactoftransformation.

  Likeelsewhereintheworld,pressureofglobalisationandreformandrestructuringhasitsimpactsonChinesesociety.Restructuringoftheironandsteelsectorgivesrisetoconcernsandworries.Yet,thereisacommonunderstandingthatthereispaintobetakenforchangeforthebetter.

  Thistimearound,theChinesegovernmenthastakenupmeasurestohelpredundantlabourchange

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