Overcapacity means having or producing more of something than what is needed or can be used effectively. It refers to a situation when there is an excess supply or capability compared to the demand or requirement.
Full definition
The rush to build over the past five years has left China drowning in
overcapacity in many key sectors.
Move still falls short of halting build - up
of overcapacity in coal - fired power generation, critics says
The People's Bank of China has not adjusted interest rates since October 2015, and analysts don't expect any short - term easing steps as focus remains on reduction of
industrial overcapacity and stemming credit risks.
The European electricity sector is experiencing a radical change,
with overcapacities of volatile new renewable solar and wind energy.
And coal prices have plummeted globally, as China tackles its air pollution crisis and industrial
overcapacity by cutting coal use.
Overcapacity on many popular routes to mainland China has also weighed on its performance.
Whether through an economic, air quality or climate lens, the Chinese government has every reason to contain its
coal overcapacity crisis.
China's coal
overcapacity crisis and what it means for investors, finds slower power demand growth and low carbon capacity targets will likely strand coal capacity.
The companies say they need to consolidate to
address overcapacity in the European steel market, which faces cheap imports from China and elsewhere, subdued demand for construction and inefficient legacy plants.
But nationalism against the backdrop of
massive overcapacity, a depreciated Chinese currency, and widespread frustrations about environmental degradations (for example, heavy smog in a number of cities)-- to mention just the more salient issues — has the potential to lead to backlash against Chinese leaders.
Suspected to have been operating
at overcapacity, a boat carrying 25 passengers capsized in the Bengawan Solo River on the border of Babat district, Lamongan regency and Widang district, Tuban regency, on Friday.
SOLAR: Chinese Gov Vows $ 2B in subsidies
as Overcapacity Plagues Industry 7.
This, they say, is despite a dramatic fall in global subsidy levels, severe
manufacturing overcapacity and a number of major industry bankruptcies.
«The prime minister raised our deep concern at the president's forthcoming announcement on steel and aluminium tariffs, noting that multilateral action was the only way to resolve the problem of
global overcapacity in all parties» interests,» said Downing Street.
In Macau in June, it advertised its services to 20 Chinese engineering firms, saying it would help those suffering
from overcapacity by spreading their capital abroad.
As long as investors in frac sand suppliers are aware of the risks of that prolonged depressed energy prices, an overdue market correction, and
industry overcapacity pose, then they can adjust their holdings accordingly as part of a diversified portfolio that can minimize the risks of devastating, permanent losses.
Revealing the benefits of
reducing overcapacity, it said that industrial profits at large enterprises rose to 4.9 trillion yuan between January to August, up 21.6 % from the same period in 2016.
Far Eastern Group, one of Taiwan's largest conglomerates, is weighing acquisition deals in China, as prices for assets in
overcapacity sectors have become «competitive,» the company's chairman said on Tuesday.
Growing overcapacities fuelled by cheap oil, security scares and Brexit jitters are hitting even highly efficient airlines like easyJet hard.
The NBS lavished praise on the success of
cutting overcapacity across the nation's mining and industrial sectors.
Farm income had fallen sharply, creating
severe overcapacity in International Harvester's largest operations — the truck, agricultural equipment, and construction equipment divisions.
Some are more concerned with industrial policies that always
create overcapacity and cause market distortion: think solar panels.
The Organization for Economic Cooperation and Development (OECD) would like everyone to sit down and have a reasoned discussion
about overcapacity in the steel markets, please.
The announcement also comes at a time of declining U.S. auto industry sales, so it could
exacerbate overcapacity and add pressure to cut prices.
The US
blames overcapacity in the Chinese steel producing sector for trade deficits and for hurting the domestic industry, even though only around five percent of US steel imports come from China, and US steelmakers aren't in such dire straits.
«Persistent
aluminum overcapacity in China is making it impossible for the U.S. aluminum industry to compete on a level playing field,» said Heidi Brock, president and CEO of the group.
Industry insiders say there is
huge overcapacity in the Chinese solar energy business, leading to dumping at low prices.
Platts announced Aug 25 2015 that, «The World Bank and the Ugandan government have signed an agreement on a $ 145 - million loan to support a range of infrastructure projects in the oil - rich Lake Albert Rift Basin as the country nears commercial crude production» In a period of oil
production overcapacity the US led World Bank is going to facilitate the exploitation / destruction of vulnerable habitat for the benefit of CNOOC, TOTAL and TULLOW.
A previous version of this news release referred to
overcapacity triggers at the Stollery Children's Hospital.
«This combination of high fishing mortality, low spawning stock biomass and massive
fishing overcapacity results in a high risk of fisheries and stock collapse.»
The dynamic of
soaring overcapacity and falling prices is the inevitable result of the fundamental inability of intermittent wind and solar generators to efficiently match supply to demand.»
But according to city statistics, Houston and Harris County average nearly that many animal euthanizations every day because of
overcapacity shelters and animal control officers who are unable to keep up with the breeding capabilities of dogs already out on the street.
The EU's argument is that it's not
causing overcapacity in the metal industry and, as a result, it should not be punished with higher tariffs.
Excessive leverage and
overcapacity remain major risks for the country's long - term growth prospects.
It is worth noting that in China
oil overcapacity is not a problem caused by a rich resource endowment.
Governments should work together to
fix overcapacity in the steel markets and avoid a trade war, the Organization for Economic Co-operation and Development (OECD) said Tuesday.
Within its borders, China's dash for modernity has sparked a dangerous property bubble, led to
astonishing overcapacity and generated enough toxic debt to put even a U.S. mortgage banker to shame.
But it is hard to imagine that adding 6,000 rooms to a tourism town
fighting overcapacity is going to be good news — especially across the street, where the Planet Hollywood hotel - casino has just been taken over by creditors.
He thinks Tesla will meet less than half of its 2020 sales target, which will saddle it with cash -
draining overcapacity.
The measure appears to be aimed squarely at China, which Trump has criticized for its unfair trade practices and which has tried but failed to reign in its steel industry's
record overcapacity.
Obviously, besides immediately abandoning its propaganda campaign, the Chinese government should reassure the global business community with concrete, honest, realistic, and market - based solutions that address the underlying pathologies of China's poor economic performance: massive debt,
endemic overcapacity, and an economic system that channels low - cost capital into inefficient state - owned enterprises at the expense of private entrepreneurs and consumers.
Such potential difficulties
include overcapacity, bad loans, local government debt, a property bubble and illegal financing.
Overcapacity eventually resulted in billions upon billions of dollars in write - downs and more than a few bankruptcies.
The crisis engulfing the global steel industry is so severe that one of China's top producers has warned a new Ice Age has set in as mills
confront overcapacity and Continue Reading
Phrases with «overcapacity»